Secret changes by Trinity Industries Inc. to its guardrail systems were found by a jury to have cheated the U.S. government, exposing the company to $1 billion in liability and sending shares plummeting as states question the safety of the product.
October 21, 2014Business, Logistics
Guardrail Maker Defrauded US of $175 Million and Created Hazard, Jury Says
Government, Business, Logistics
Kansas City Southern’s Third-Quarter Income Rises
Kansas City Southern’s third-quarter net income rose to $138 million, or $1.25 a share, from $119 million, or $1.07, a year ago.
October 21, 2014Business, Logistics
Antares Introduces New Flatbed Trailer
Specialty trailer manufacturer Antares Equipment recently introduced a new 48-foot flatbed trailer with a fixed wide-spread air suspension.
October 20, 2014Business, Logistics
Canadian Pacific Confirms End of Merger Talks With CSX
Canadian Pacific Railway Ltd. said talks about a possible merger with CSX Corp. have ended and no further conversations are planned.
October 20, 2014Business, Logistics
CP Seeks Rail Merger with CSX, Reports Say
Canadian Pacific Railway Ltd. reportedly is pursuing CSX Corp. at a time when the U.S. regulators who would have to approve such a move are showing increasing frustration with today’s delay-plagued rail environment.
October 20, 2014Business, Government, Logistics
Consumer Sentiment Reaches 7-Year High
Consumer confidence in the U.S. unexpectedly rose in October to the highest level in seven years, showing a brightening in Americans’ moods as gas prices drop and the labor market gains traction.
October 17, 2014Business, Logistics
Intermodal Rail Traffic Rises 4.8% for Week
U.S. rail intermodal traffic increased 4.8% in the week ended Oct. 11 compared with the same week last year, the Association of American Railroads reported.
October 17, 2014Business, Fuel, Logistics
Railroads Press Against Proposals to Slow Oil Trains
U.S. railroads are rallying customers, including lumber and steel companies, to fight a government proposal to slow trains hauling crude oil.
October 16, 2014Business, Logistics
CSX's Income Rises to $509 Million
CSX’s net income increased to $509 million, or 51 cents a share, from $455 million, or 45 cents, a year earlier.
October 15, 2014Business, Government, Safety, Logistics
Conflicting Decisions on Proper Classification of Contractors Could Wind Up in Supreme Court
Conflicting appeals and state court and National Labor Relations Board decisions on when independent contractors should be reclassified as employees ultimately could help persuade the U.S. Supreme Court to review the controversial issue that some carriers say threatens the contractor business model.
October 13, 2014