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Canadian Pacific Earnings Fall, 2023 Outlook Revised

Railway operator Canadian Pacific Kansas City Ltd. said a weakening economy and spate of labor disruptions weighed on freight volumes in the third quarter more than management anticipated.

October 25, 2023

Port Leaders See Viability of Inland Facilities

AURORA, Colo. —  As land around the nation’s congested seaports gets more expensive, executives at  AAPA's annual convention said a viable option is to develop inland ports.

October 25, 2023

House Transportation Lawmakers Spotlight Highway Trust Fund

Transportation leaders in the U.S. House of Representatives recently raised awareness about the funding needs of an account central to highway projects.

October 25, 2023

Republican Mike Johnson Elected Speaker of the House

WASHINGTON — Republicans eagerly elected Rep. Mike Johnson as House speaker on Oct. 25, elevating a deeply conservative but lesser-known leader to the seat of U.S. power and ending for now the political chaos in their majority.

October 25, 2023

Congestion Cost Trucking a Record $94.6 Billion in 2021

Snarled traffic added $94.6 billion in costs to the trucking industry in 2021, up from $74.5 billion in 2016, according to a study by the American Transportation Research Institute.

October 25, 2023

Former Employees Looking to Buy Convoy, Report Says

Convoy, the Seattle-based freight startup that shut down last week, is being sold, according to a former Convoy employee familiar with the deal.

October 25, 2023

FBI Analyst Stresses Trucking Cybersecurity Importance

HOUSTON — An FBI cyberintelligence specialist stressed the importance of trucking cybersecurity to the health of the economy during an Oct. 23 presentation. 

October 25, 2023

Norfolk Southern Profit Falls as Derailment Costs Grow

OMAHA, Neb. — The costs related to the East Palestine derailment grew to $966 million for Norfolk Southern. The railroad said Q3 profit of $478 million was half of last year’s $958 million.

October 25, 2023

Honda Halts Plans With GM to Develop Smaller EVs

Honda Motor Co. is shelving plans to jointly develop affordable electric vehicles with General Motors Co. due to a changing business environment, CEO Toshihiro Mibe said.

October 25, 2023