OMAHA, Neb. — CSX reported a 24% drop in the railroad’s third-quarter profit Oct. 19 as it hauled 2% less freight, but the CEO said customers are noticing that its trains are running more smoothly.
October 19, 2023Search
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October 19, 2023Marten Revenue Nears $280 Million Amid Tough Q3 Market
Marten Transport experienced a decline in revenue and earnings amid tough market conditions during the third quarter, the company reported Oct 18.
October 19, 2023Autonomous Trucks Could Create Safer Roads, Better Jobs
AUSTIN, Texas — Autonomous truck developers and their industry partners see opportunities for this technology to improve road safety and create more desirable jobs for drivers.
October 19, 2023Union Pacific Profit Tops Reduced Estimates
Union Pacific Corp. reported profit that topped analysts’ estimates, which had been adjusted down in the last month, as the railroad leaned on efficiency to make up for lower carloads and higher labor costs.
October 19, 2023I-25 in Colorado Set to Reopen Today
PUEBLO, Colo. — Interstate 25 in Colorado is expected to reopen four days after it was shut down when a train derailment collapsed a railroad bridge onto the highway and killed a trucker.
October 19, 2023Convoy Shuts Down After Failing to Find Buyer
Digital freight network Convoy Inc. was forced to shut its doors after no viable options to continue operations emerged, CEO Dan Lewis said in an Oct. 19 memo to employees.
October 19, 2023Buttigieg Promotes Grants to Boost Miami Port’s Supply Chain
Transportation Secretary Pete Buttigieg underscored at the Port of Miami how two federal infrastructure grants will strengthen the supply chain with better cargo gate access for trucks.
October 18, 2023J.B. Hunt Q3 Profit Slides 30.4% Year-Over-Year
J.B. Hunt Transport Services posted a 30.4% year-over-year decrease in profits in the third quarter, undershooting analyst expectations as revenues declined at each of the carrier’s operating units.
October 17, 2023Broken Rail May Have Caused Derailment That Killed Trucker
A broken rail caused a train derailment that collapsed a bridge over I-25 in Colorado, killing a truck driver, federal authorities said Oct. 17, based on their preliminary investigation.
October 17, 2023