Norfolk Southern Corp. for the third time rejected an acquisition offer from Canadian Pacific Railway Ltd., saying the latest proposal also was ” grossly inadequate” and “creates substantial regulatory risks and uncertainties that are highly unlikely to be overcome.”
December 23, 2015Search
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TT's Seth Clevenger, Michael Freeze and Keiron Greenhalgh break down what ACT Expo revealed about trucking's road to sustainability.Â
AASHTO Sets Roadside Safety Device Installation Schedule
The American Association of State Highway and Transportation Officials announced its approval on Dec. 22 of a schedule for implementing the use of such roadside safety hardware devices as guardrails and crash cushions on the National Highway System that meet new crash-testing standards.
December 22, 2015November Trailer Orders Third Highest in History, FTR Reports
Net U.S. trailer orders in November exceeded expectations for the second consecutive month, rising to the third-highest monthly total on record, research firm FTR reported.
December 21, 2015Canadian Pacific Enhances Offer to Purchase Norfolk Southern
Canadian Pacific Railway Ltd. enhanced its offer to acquire Norfolk Southern Corp. by at least 10% and signaled a proxy fight for the U.S. carrier would start in February if there are no talks beforehand.
December 16, 2015Canadian Pacific-Norfolk Southern Bid Raises Lawmakers' Concern
Canadian Pacific Railway Ltd.’s bid to merge with Norfolk Southern Corp. has raised concerns among Democratic lawmakers from Illinois, who sent a letter to regulators urging them to consider potential negative impacts on the Chicago rail hub.
December 16, 2015Shipping Index Plunges to Fresh Record Amid China Steel Slump
The shipping industry’s most-watched measure of rates for hauling commodities plunged to a fresh record amid a persisting glut of ships and speculation weakening Chinese steel output could translate into declining imports of iron ore to make the alloy.
December 15, 2015Largest Container Ship Ever to Visit United States Arriving Dec. 26
The largest containership to ever call at a U.S. port will arrive Dec. 26 at the Port of Los Angeles and Dec. 31 at the Port of Oakland, California.
December 15, 2015Jewell, Ruble Promoted at Forward Air
Forward Air Corp. has appointed new presidents for two divisions, effective Jan. 1, selecting Matthew Jewell to head its intermodal unit and Chris Ruble to lead the expedited services unit.
December 14, 2015Holiday Online Orders Have Shippers in Highest Gear
The holiday shipping season is in overdrive now, with the next two Mondays expected to be among the busiest of the year.
December 14, 2015Optimism Among Companies Eases in Second Half of 2015
Optimism among chief financial officers about the U.S. economy dimmed in the second half of this year, helping explain why companies plan to temper spending on equipment and hold more cash in 2016.
December 9, 2015