Canadian Pacific Railway Ltd., concerned that mounting political pressure may scuttle its proposed stock-and-cash bid for Norfolk Southern Corp., plans to change strategy to sway lawmakers and reverse the momentum.
January 22, 2016Business, Logistics
Boeing Patents Design for Intermodal Container Plane
Boeing has patented a design for an airplane that can pick up and carry containers in its belly, Popular Mechanics reported.
January 21, 2016Business, Technology, Logistics
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January 21, 2016Business, Logistics
Proposed North Carolina CSX Container Hub Meets Opposition
When CSX announced earlier this month that it would build a $272 million container hub in Johnston County, Jennifer Edwards found out at the same time as everyone else — but in a much different way.
January 21, 2016Logistics
Declining Coal Use Pressures Railroads
Pressures facing American railroad companies have led Norfolk Southern Corp. to engage in an “ongoing drive to enhance operating efficiencies,” raising questions about the future of its Moraine, Ohio, rail yard.
January 20, 2016Business, Logistics
DHL Expands Shipping Presence in Memphis
DHL is moving into a new, larger center next to Memphis International Airport to serve Tennessee, Arkansas and Mississippi, the international shipping company announced Jan. 18.
January 19, 2016Business, Logistics
CSX to Close Administrative Division in West Virginia
CSX will close administrative offices in Huntington, the company said Jan. 18.
January 19, 2016Business, Logistics
Ceva Appoints Lorrain to Head New Ground Transportation Business
Ceva Logistics has appointed Jerome Lorrain chief operating officer of its newly created ground transportation business line, which will operate alongside its air, ocean and contract logistics services.
January 15, 2016Business, Logistics
CSX to Build East Coast Intermodal Hub in North Carolina
Railroad behemoth CSX on Jan. 14 said it would make Johnston County, North Carolina, an East Coast hub for shipping and receiving cargo containers.
January 14, 2016Business, Logistics
CSX Fourth-Quarter Net Income Falls; Weaker 2016 Results Expected
CSX Corp. reported fourth-quarter net income fell 5% to $466 million, or 48 cents per share, and announced that this year’s earnings are expected to trail 2015.
January 13, 2016