CSX Corp. is expected to restart talks to install Hunter Harrison as CEO after an activist investor allied with the railroad turnaround veteran softened his demand for board representation, a Citigroup Inc. analyst said.
February 17, 2017Search
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XPO’s Jacobs Sees E-Commerce as Key to Robust Growth in 2017
KEY BISCAYNE, Fla. — XPO Logistics Inc. CEO Brad Jacobs won’t rest on turning a profit with a company that lost money as recently as 2015, telling Transport Topics that he’ll “double down” on growing on the e-commerce wave through contract logistics, less-than-truckload and last-mile delivery services.
February 20, 2017New Year, Same Story for US Growth Driven by Consumers
Busy storefronts and an inflation pickup show the world’s largest economy is starting 2017 much the same way it ended 2016: driven by the consumer.
February 16, 2017Underinvestment in Freight Infrastructure Will Hurt Economy, Schneider CEO Says
WASHINGTON — The country's freight transportation network must be modernized and expanded to handle the projected increase in freight volume, Schneider International Inc.'s top executive told a Senate panel Feb. 15.
February 15, 2017Shipping Industry Calls for Exemption from Carbon Market Reform
The global shipping industry has urged the European Union to drop the sector's inclusion in proposals adopted Feb. 15 to reform the bloc's carbon market, saying it risks distorting trade and international efforts to cut the sector's emissions.
February 15, 2017Werner Nixes Driving School in Pennsylvania After Local Outcry
Plans for a trucking facility in Palmer Township, Pennsylvania, no longer include a school for new drivers.
February 14, 2017Intermodal Rail Traffic Up as Turnaround Takes Hold
Intermodal rail traffic grew slightly in the fourth quarter, but it wasn’t enough to reverse a 2.1% decline in total volume for 2016, according to the Intermodal Association of North America.
February 13, 2017Tighter Brokerage Margins Crimp 3PL Profits
Third-party logistics companies reported a flurry of quarterly earnings, many with lower profits compared with a year ago.
February 13, 2017Sanity Returning to Shipping as Freight Rates Gain, Maersk Says
The bankruptcy of South Korean ocean carrier Hanjin Shipping Co. and consolidation in container shipping will pave the way for a better 2017 for the industry, according to Robbert van Trooijen, the Asia-Pacific chief of Maersk Line.
February 10, 2017Consumer Sentiment Cooled in February on Views of Finances
Consumer confidence retreated in February from a 13-year high, as Americans tempered expectations of their finances and the economy.
February 10, 2017