Norfolk Southern Corp. reported Jan. 27 that fourth-quarter profit fell 29% from the same period a year ago and its yearly profit for 2015 was off by nearly as much — down 20% from a year earlier.
January 27, 2016Search
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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.
Swift Fourth-Quarter Net Income Rises 24%
Swift Transportation Co. improved fourth-quarter net income by 24% to $72.5 million, or 51 cents per share, helped by operational improvements throughout the company and improved profits at its dedicated freight unit.
January 26, 2016Trailer Orders Fall 11% in 2015, But Shipments Set Record
U.S. trailer orders for 2015 fell 11% compared with 2014 to slightly more than 315,000, but shipments of trailers hit an all-time high as they climbed to more than 300,000, ACT Research said.
January 22, 2016Canadian Pacific to Shift Strategy in Bid for Norfolk Southern
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, 2016Proposed 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, 2016Boeing 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, 2016Declining 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, 2016CSX to Close Administrative Division in West Virginia
CSX will close administrative offices in Huntington, the company said Jan. 18.
January 19, 2016DHL 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, 2016Ceva 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, 2016