CSX Corp. reported fourth-quarter net income fell 5% to $466 million, or 48 cents per share, and announced that this year’s earnings are expected to trail 2015.
January 13, 2016Business, Logistics
Ceva Appoints Lorrain to Head New Ground Transportation Business
Ceva Logistics has appointed Jerome Lorrain chief operating officer of its newly created ground transportation business line, which will operate alongside its air, ocean and contract logistics services.
January 15, 2016Business, Logistics
CSX to Build East Coast Intermodal Hub in North Carolina
Railroad behemoth CSX on Jan. 14 said it would make Johnston County, North Carolina, an East Coast hub for shipping and receiving cargo containers.
January 14, 2016Business, Logistics
CSX Fourth-Quarter Net Income Falls; Weaker 2016 Results Expected
Logistics
Norfolk Southern Consolidates as Coal Volume Drops
Norfolk Southern Corp. said it will consolidate two of its operating divisions and idle portions of a 253-mile line in Ohio and West Virginia to lower costs and boost efficiency in the face of declining traffic on its coal shipping network.
January 13, 2016Business, Logistics
XPO Units Face New Worker Classification Suit
A California law firm has asked a state court to certify a class action suit against Pacer Cartage and two other XPO Logistics businesses, claiming that the carriers misclassified drivers as independent contractors in the latest such case in the nation’s largest state.
January 12, 2016Business, Logistics
CSX Names Piacente to Lead Intermodal Unit
CSX Corp. named Dean Piacente as vice president of intermodal to replace William Clement, who has left the railroad, and also announced other management changes.
January 12, 2016Business, Logistics
Transervice Announces Southern California Freight Management Business
Transervice Logistics Inc. has created Transervice Integrated Solutions, a freight-management business operating in Southern California, to provide brokerage services and to help companies fill backhauls.
January 12, 2016Business, Logistics
Infinity Logistics Expands Routes Linking Pacific Northwest With Miami, Toronto
Infinity Transportation Logistics, which provides refrigerated intermodal services, has announced the addition of new routes linking the Pacific Northwest with Miami and Toronto.
January 12, 2016Government, Business, Safety, Logistics
Rep. Doris Matsui Headlines UC Davis’ Freight Discussion on Capitol Hill
Rep. Doris Matsui (D-Calif.) will share her perspective on the economic benefits realized when freight corridors are improved at an event hosted by the National Center for Sustainable Transportation on Jan. 12 on Capitol Hill.
January 11, 2016Logistics
Norfolk Southern Finds Allies in Spurning Canadian Pacific Takeover Bid
Norfolk Southern Corp. is gaining political and customer support for rejecting Canadian Pacific Railway Ltd.’s takeover bid, which could make it harder for the Canadian company and investor Bill Ackman to wage a proxy fight.
January 11, 2016