A water resources bill under consideration in the Senate appears to reject the White House’s $1.5 trillion infrastructure plan, but top Republicans say parts of the Trump proposal eventually may make it into the legislation later this month.
May 9, 2018Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Capitol Agenda for the Week of May 7: Little Bills
The art of the deal under the Trump administration is taking us from the promise of having a huge infrastructure package to asking us to settle for smaller, tinier measures. Essentially, you get what you can.
May 9, 2018FedEx to Shift $6 Billion in Pension Obligations to MetLife
FedEx Corp. is transferring $6 billion in U.S. pension obligations to MetLife Inc. to reduce administrative costs.
May 9, 2018Covenant Transport Pays $2,000 Bonuses to 44 Teams
Covenant Transport handed out $88,000 in its new team bonus program last month to 44 teams that eclipsed the 60,000 miles together to earn the company’s new $2,000-per-team bonus.
May 9, 2018Fifty-Mile Drone Flights Beckon as Industry Pushes FAA on Rules
Retailers, railroads and electricity companies are pressing for U.S. government approval to fly drones longer distances. Regulators, geared to an aviation industry that can take five years to get a new jetliner in the air, are struggling to adjust to the breakneck pace.
May 8, 2018PepsiCo to Add Stemco’s Fuel-Efficiency Devices
Stemco Products Inc. announced that PepsiCo Inc. will update 1,600 of its trailers with the company’s TrailerTail and EcoSkirt products to support its corporate sustainability targets.
May 7, 2018Blackstone to Acquire Gramercy Property in $7.6 Billion Deal
Blackstone Group agreed to acquire Gramercy Property Trust, which owns industrial real estate in the United States and Europe, in a cash deal valued at $7.6 billion.
May 7, 2018Oil, Sand Railcars Compete for Track Space in Permian Basin
Oil producers may be getting in their own way in the race to pump crude from the fertile Permian Basin.
May 4, 2018Canadian National to Buy 350 Center Beam Railcars
Canadian National Railway plans to purchase 350 73-foot center beam railcars to meet the growing demand for transporting lumber products, the Montreal-based railroad announced May 2.
May 3, 2018Profit, Revenue Grow at XPO as It Invests in Tech
XPO Logistics Inc. reported on May 2 that its first-quarter results vaulted more than 100%, stemming from the heightened demand from domestic freight and last-mile delivery.
May 2, 2018