Most of the money will go to track and bridge upgrades. Some will be used to bolster training and explore cleaner-burning alternatives to the diesel the rail industry has long relied on.
October 29, 2024Search
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Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
New Indiana-Ireland Pact Seeks Direct Container Service
A business pact to form a container service between Indiana and Ireland was signed recently by officials from the Ports of Indiana and Port of Cork.
October 29, 2024New Arizona-Mexico Commercial Port Gets $275M Contract
The U.S. General Services Administration awarded a $275 million contract to create a large commercial border crossing in Arizona to facilitate bilateral trade with copper mines in Mexico.
October 29, 2024Covenant's Q3 Net Income and Revenue Take Slight Dips
The company reported third-quarter net income of $13 million, or 94 cents per share, compared with $13.5 million, 99 cents, in the year-ago period.
October 29, 2024US Finalizes China Investment Restrictions on Key Tech
The rules, which come after more than a year of deliberation, ban some investments into those industries and require the U.S. government to be notified about others.
October 28, 2024Total Distribution Buys REO Processing & REO Logistics
Third-party logistics specialist Total Distribution Inc. is adding 10 facilities across West Virginia and Georgia through the acquisition of REO Processing & REO Logistics, it said in a release.
October 28, 2024Universal Reports Year-Over-Year Growth Amid Weak Market
Universal Logistics Holdings inched up third-quarter revenue and earnings despite weak market conditions, the company reported Oct. 24.
October 28, 2024Anchorage’s International Airport Adds 5 Carriers
The Ted Stevens Anchorage International Airport has added five new international cargo carriers to its lineup this year, setting the stage for continued growth.
October 25, 2024German Shipping Giant Hapag-Lloyd Posts Higher Profits
HAMBURG, Germany — The German shipping company Hapag-Lloyd has raised its profit forecast for the current financial year because of rising freight rates.
October 25, 2024Port of New Orleans Names CEO
Beth Ann Branch of Port of Mobile was chosen as the next CEO of the Port of New Orleans and Public Belt Railroad, putting a former Gulf Coast rival at the helm in New Orleans.
October 25, 2024