Railroads and shipper groups have sketched their strategy for a potentially historic Surface Transportation Board battle over the future of rail competition, with comments to the agency as well as taking steps to recruit allies.
November 2, 2016Search
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Robert Brown of Bot Auto breaks down the state of autonomous trucking today, and where it's headed.
World’s Biggest Shipping Company Wants More Mergers
A.P. Moller-Maersk A/S, owner of the world’s largest container line, said mergers such as the combination of its three main Japanese rivals provide relief to an ailing industry that has been characterized by overcapacity.
November 1, 2016Swift Lowers Earnings Based on Pending Class-Action Lawsuit
Swift Transportation reversed course after reporting third-quarter earnings were up 4.7% year-over-year to $38 million on Oct. 24, lowering the number to $24 million, or a 34% decline lower than a year ago.
November 1, 2016Top Japanese Shipping Lines to Merge Container Businesses
Japan’s three biggest shippers agreed to combine their container operations to create the world’s sixth-largest box carrier, as the industry steps up consolidation this year amid a global turmoil in the sea-cargo business.
October 31, 2016NFI Industries CEO Steps Down From Sun National Bank Board
NFI Industries CEO Sidney Brown will be stepping down as the chairman of the board at Sun National Bank, effective Dec. 31.
October 28, 2016XPO Logistics Sells Truckload Business to TransForce for $558 Million
XPO Logistics has sold the Con-way Inc. truckload business to TransForce Inc. for $558 million in cash, a move that involved negotiations between two of the Top 10Â companies on the Transport Topics Top 100 list of the largest U.S. and Canadian for-hire carriers.
October 27, 2016Logistics Firms Sunteck Transport Group, TTS Announce Merger
Logistics service providers Sunteck Transport Group and TTS have agreed to merge, a deal that continues a consolidation trend in the industry.
October 26, 2016Consumer Confidence Retreated More Than Forecast in October
Consumer confidence declined more than forecast in October, as households became less upbeat about the economy and labor market, figures from the New York-based Conference Board showed Oct. 25.
October 26, 2016Norfolk Southern Sole US Railroad to Report Higher Third-Quarter Earnings
Norfolk Southern Corp. became the only U.S. railroad to report higher third quarter earnings, improving net income 2% to $460 million, or $1.55 per share, as cost reductions of 10% outpaced a decline in revenue.
October 26, 2016Net Income Falls at Hub Group, Echo
Hub Group Inc. and Echo Global Logistics Inc. reported weaker third-quarter earnings as pressure on profit margins continued to hurt results in the sector.
October 26, 2016