Berkshire Hathaway Inc. plans to increase capital spending at its BNSF Railway Co. by $4.1 billion this year as it prepares to handle rising oil shipments and expands its intermodal terminal capacity, Bloomberg News reported.
January 22, 2013Search
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Canadian National Reports Higher 4Q Profit
Canadian National Railway Co. reported a higher fourth-quarter profit from a year ago on higher freight volume.
January 22, 2013Norfolk Southern, CSX Report Lower 4Q Income
Eastern freight railroads Norfolk Southern Corp. and CSX Corp. each reported lower fourth-quarter profits from a year ago.
January 23, 2013Schneider’s Osterberg Urges Stronger Links Between Research and Business Applications
WASHINGTON — Don Osterberg, senior vice president of safety at truckload carrier Schneider National Inc., said transportation research needs to include components to help businesses and regulators make better use of the research.
January 21, 2013Consumer Confidence Declines
Consumer confidence fell in January, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
January 18, 2013TransForce to Acquire Velocity Express
TransForce Inc. said Thursday it has entered into an agreement to acquire Velocity Express and its subsidiaries. No terms were disclosed.
January 17, 2013Intermodal Traffic Rises 10.4% for Week
U.S. rail intermodal traffic rose 10.4% last week over the same week a year ago, the Association of American Railroads said.
January 18, 2013IANA Elects Union Pacific’s Michaels Chairman
The Intermodal Association of North America last week announced that Barry Michaels, vice president of intermodal operations at Union Pacific Railroad, is the group’s new chairman.
January 17, 2013ABF Expands Ocean Transport to South America
ABF Freight System said it has expanded its ocean transport coverage to several countries in South America.
January 17, 2013England Logistics Appoints Beardall President
England Logistics said Tuesday it has promoted Jason Beardall to president from executive vice president.
January 15, 2013