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The move is part of a broader effort by the administration to take back direct control of key rail hubs along the Northeast Corridor.

The $250 million from BlackRock-managed funds and accounts will double Flexport’s lending capacity.

Trump has long been a critic of the project, which has been marred with cost overruns and constant delays, arguing that the effort has wasted taxpayers’ dollars.

Earlier in 2025, Lineage also expanded its operations in Arizona, Illinois, Kansas, Pennsylvania and Washington state, as well as in Australia, Denmark, the Netherlands and Norway.

The company is making structural changes to its teams across the U.S., interim CEO Ron Sargent said in a memo to staff on Aug. 26.

Rapid advances in AI promise to transform operations in many industries, including freight transportation, as more powerful AI models become widely available at lower costs.

Walmart's fulfillment service, which stores and ships products for third-party marketplace sellers, will provide next-day delivery in New York, Los Angeles, Chicago, Houston and Atlanta.

The statement comes about a month after rival Union Pacific agreed to acquire Norfolk Southern in a cash-and-stock transaction valuing the company at about $72 billion.

Having to pay import taxes on small parcels from other countries likely will be a big change for some small businesses and online shoppers.

The U.S. revoked its tariff exemption on lower-value packages from across the world, starting Aug. 29.