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Firms Fret Over Any Lengthy Baltimore Port Closure

The closure of the Port of Baltimore has so far not led to broad price increases, though firms are concerned about any extended shutdown, according to a Federal Reserve report.

April 18, 2024

US Reimposes Oil Sanctions on Venezuela

MIAMI — The Biden administration on April 17 reimposed crushing oil sanctions on Venezuela.

April 18, 2024

CSX Profit Drops 10% Despite 3% More Q1 Freight

CSX’s first-quarter profit slipped 10% even though the railroad delivered 3% more goods, as the mix of shipments it handled shifted toward less profitable items.

April 17, 2024

NYC Congestion Plan Adds Money to Offset N.J. Harm, MTA Says

New York City’s congestion pricing plan will now include funds to help alleviate potential pollution issues the new tolling program may spark in New Jersey.

April 17, 2024

Volvo Group Price Increases Aid Q1 Profits

Profits at truck maker Volvo Group in the first quarter of 2024 received a boost from price increases, even as orders and deliveries declined as expected.

April 17, 2024

Dali Owner Asks Cargo Owners to Help Cover Salvage Expenses

BALTIMORE — The owner of the massive containership that caused the deadly collapse of a bridge in March wants owners of the cargo on board to cover some of the salvage costs.

April 17, 2024

Virginia Touts Robust Economic Growth in Richmond Region

Virginia state and Henrico County officials touted a series of grand openings, including an Amazon robotics fulfillment center and a Coca-Cola Consolidated distribution facility.

April 17, 2024

House GOP to Prioritize Infrastructure in Funding Bills

The transportation funding subcommittee in the U.S. House will promote connectivity projects while focusing on taxpayers, its new leadership said this month.

April 17, 2024

House Transportation Committee Reviews AI Applications

WASHINGTON — The House transportation panel recently received an overview from stakeholders about artificial intelligence’s role within connectivity corridors.

April 17, 2024

Five Auto Haulers to Merge as Backer Files for IPO

Five auto carriers look set to merge, with the combined entity likely to then add to its assets by buying up competitors, if an initial public offering pans out as planned.

April 17, 2024