Shortly after Donald Trump was elected president Nov. 8, the stock prices of a slew of shipping companies soared by more than 1000% on hopes that commodity prices would rise and U.S. manufacturing would rebound, spurring a surge in shipments of everything from iron ore to computer parts.
March 14, 2017Business, Logistics
Shipping Stocks That Soared After the Election Have Now Tanked
Business, Safety, Government, Logistics
Interstate Acquires American Red Ball World Wide Movers
Interstate Group Holdings, the Springfield, Virginia-based parent of Interstate Van Lines, has acquired Indianapolis-based American Red Ball World Wide Movers, one of the oldest movers of household goods in the United States.
March 14, 2017Government, Business, Logistics
Sen. Schumer Calls for Increased Freight Railroad Safety
The freight train derailment on the Newburgh and New Windsor waterfront March 7 was just one of several making news across the country during the week of March 13.
March 13, 2017Editorial, Business, Government, Safety, Logistics
Editorial: An End for a Rule That Didn’t Work
The great detective knew the game was afoot when he learned of the dog that didn’t bark.
March 13, 2017Business, Government, Safety, Logistics, Fuel
Engineers Give D+ Grade to US Infrastructure — Again
WASHINGTON — The country’s infrastructure again received a near-failing grade from the American Society of Civil Engineers, highlighting a lack of improvement four years after the group’s last assessment.
March 13, 2017Business, Logistics
Expectations High as Harrison Assumes Leadership of CSX
CSX Corp. appointed E. Hunter Harrison to its CEO post and, based on his success at other railroads, analysts predict he will turn the sprawling, underperforming, historic Class I railroad into one that is faster and more punctual, with better service and higher rates.
March 13, 2017Business, Logistics
Schneider, CSX Transportation Agree on New Rail Contract
Schneider National Inc. has agreed to a new multiyear agreement with CSX Transportation Inc., under which the railroad will continue to serve as one of the truckload and intermodal carrier's primary rail providers.
March 10, 2017Business, Logistics
XPO Logistics Inks Deal With Gower Furniture
XPO Logistics has secured a multimillion-pound, long-term agreement with Gower Furniture, a supplier of kitchens to the trade and retail sectors in the United Kingdom, XPO announced March 6.
March 8, 2017Business, Logistics
Is a CEO Worth $200 Million? Shareholders at Rail Giant Think So
Is superstar railroad executive Hunter Harrison worth a $200 million pay package? For that matter, is any CEO worth that?
March 6, 2017Editorial, Business, Safety, Government, Autonomous, Logistics
Editorial: Week Spent Looking to the Future
Conference halls from coast to coast were teeming with talk of transportation last week, with no shortage of prognostications from industry leaders about what the future holds.
March 6, 2017