President Obama plans to enforce a deadline for rail operators to install safety technology by the end of the year, despite warnings from railroads including Union Pacific Corp. and Amtrak that they can’t meet the mandate and would have to suspend some service without an extension.
October 8, 2015Search
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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.
MyCarDoesWhat Safety Program Also Applies To Trucks
MyCarDoesWhat, the safety technology program unveiled on Oct. 7 in Washington by the Department of Transportation and the National Safety Council, has direct applicability to the trucking industry.
October 7, 2015Intermodal Rail Traffic Rises in September
U.S. rail intermodal traffic increased 1.6% in September compared with the same month the prior year, the Association of American Railroads reported.
October 7, 2015Beverly Scott's NTSB Nomination Withdrawn
Beverly Scott’s nomination for the vacancy on the five-member National Transportation Safety Board was withdrawn Oct. 6.
October 6, 2015Logistics Execs Expect Business Growth, More Consolidation in Coming Years
Logistics executives expect their businesses to grow in the coming years, partly because of mergers, and are increasingly confident in their abilities to meet the expectations of shippers and carriers who are demanding a growing range of services.
October 5, 2015N.Y.-N.J. Authority Delays Bayonne Bridge Project Two Years
The Port Authority of New York and New Jersey announced a nearly two-year delay in completing a $1.3 billion bridge raising project that would allow the largest containerships to reach the third-largest U.S. port.
October 2, 2015Wells Fargo to Acquire GE’s Railcar Leasing Business
Wells Fargo & Co., the world’s largest bank by market value, agreed to buy the bulk of a railcar- and locomotive-leasing unit from General Electric Co. as the industrial giant retreats from financial services.
October 1, 2015Universal Earnings to Trail Expectations, Guidance
Universal Truckload Services Inc. said it expects third-quarter earnings will lag year-earlier results and come in below analysts expectations due to weakening customer demand for truckload services in certain industrial sectors.
September 30, 2015Rail Intermodal Traffic Rises for Week, Says AAR
Weekly U.S. intermodal rail traffic rose 2.1% from the same period last year, the Association of American Railroads reported.
September 30, 2015Consumer Confidence Unexpectedly Rises in September
Consumer confidence unexpectedly rose in September as a resilient labor market helped Americans shake off the effects of tumbling stock prices.
September 29, 2015