CSX is launching a new intermodal rail service between the Port of Wilmington and the railroad’s terminal in Charlotte, North Carolina, boosting the city’s status as a transportation hub, company and state officials said July 19.
July 20, 2016Search
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After Some Opposition, CSX to Build $272 Million Rail Hub in North Carolina
While opposition from Johnston County landowners stalled a proposed CSX container hub, Rocky Mount, North Carolina, economic development officials quietly pieced together 700 acres willing to take on the project.
July 20, 2016Hyundai Merchant to Join Maersk Alliance
Hyundai Merchant Marine Co. will join the world’s biggest shipping alliance, meeting all conditions imposed by creditors as the company seeks to reduce debt after years of weak global demand caused losses.
July 19, 2016Lower Profits Expected at Hapag-Lloyd Despite Merger Plans
Hapag-Lloyd AG's share price fell the most since its initial public offering in November as a forecast of lower profit and a share-sale plan overshadowed a final deal to join forces with United Arab Shipping Co. to become the world’s fifth-largest container carrier.
July 18, 2016Minnesota Governor Forms Freight Rail Council
Minnesota Gov. Mark Dayton said July 15 he is creating a public-private group to improve communication, safety and economic development related to rail service across the state.
July 18, 2016CSX Net Income Falls 20%, Starts Second Quarter on Down Note
CSX Corp. began the second-quarter freight transport earnings reporting season by announcing that net income fell 20% to $445 million, or 47 cents per share, dragged down by a 34% reduction in coal revenue.
July 14, 2016As Another Oil Train Derails, Regulators, Lawmakers Say Progress Being Made
Three years ago July 6, an unattended train carrying crude oil from North Dakota rolled down a hill toward the town of Lac-Megantic, Quebec.
July 11, 2016Universal Logistics Says Second-Quarter Earnings to Trail Forecasts
Universal Logistics Holdings Inc. has become the third truckload operator to announce its second-quarter earnings will fall short of the average analyst estimate due to weak freight markets.
July 8, 2016Iowa Lands $25 Million Grant for Freight Hub
A grant worth more than $25 million has been awarded to construct a Cedar Rapids intermodal transportation facility officials say is to become a one-of-a-kind freight hub for the state.
July 8, 2016Third-Party Logistics Market Expected to Pass $1.1 Trillion by 2022
An Allied Market Research report finds that the global third-party logistics market is expected to reach $1.1 trillion over the next six years.
July 8, 2016