Canadian Pacific Railway reported mixed third-quarter earnings on Oct. 20, when the Calgary, Alberta-based carrier said combined freight and nonfreight revenue increased 4.3% year-over-year to C$1.94 billion from C$1.86 billion a year ago.
October 20, 2021Search
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Strong Segment Growth Drives Knight-Swift Q3 Results
Knight-Swift Transportation Holdings reported third-quarter revenue and earnings improvements that were driven by strong segment growth.
October 20, 2021Infrastructure Battle Puts China Chip Bill on Back Burner
A bipartisan push to make the U.S. more competitive with China and bolster domestic chip production risks falling by the wayside as Congress grapples with a packed year-end agenda in an ever-more-divided Capitol.
October 20, 2021Union Pacific, Unions Sue Each Other Over Vaccine Mandate
OMAHA, Neb. — Union Pacific and its labor unions are suing each other to determine whether the railroad has the authority to require its employees to get vaccinated against the coronavirus.
October 20, 2021CN Railway CEO Ruest to Retire
The embattled CEO of Canadian National Railway announced his retirement on Oct. 19, the same day the company posted financial gains during a third quarter that saw its attempt to merge with Kansas City Southern fall apart.
October 19, 2021Union Pacific Receives Cargo 24/7 Near L.A. Ports
Union Pacific Corp. has begun receiving trucks around-the-clock at its freight facility near the ports of Long Beach and Los Angeles, extending operating time by about 20 hours a week to help ease cargo congestion.
October 19, 2021Hub Group Acquires Choptank Transport
Intermodal and logistics company Hub Group announced it acquired Choptank Transport Inc., which was founded in 2000 and is a provider of non-asset refrigerated transportation solutions.
October 19, 2021Kansas City Southern Reports Mixed Q3 Earnings
Kansas City Southern reported mixed third-quarter financial results on Oct. 19, as the Class I freight railroad saw a 13% jump in revenue to $744 million, compared with $659.6 million a year earlier.
October 19, 2021September Port Numbers Remain Strong as Leaders Address Congestion
The ports of Los Angeles and Long Beach are gearing up to operate 24/7 to clear the massive backlog of 20-foot-equivalent (TEU) containers as they pile up at the two Southern California ports and others on the Pacific and Atlantic coasts.
October 19, 2021Tonnage Jumps in September
Truck tonnage increased on both a sequential and year-over-year basis in September, recording a 2021 high mark amid an environment where a shortage of drivers and trucks is keeping rigs fully loaded on most runs, American Trucking Associations reported Oct. 19.
October 19, 2021