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The move is part of a broader effort by the administration to take back direct control of key rail hubs along the Northeast Corridor.

The $250 million from BlackRock-managed funds and accounts will double Flexport’s lending capacity.

Trump has long been a critic of the project, which has been marred with cost overruns and constant delays, arguing that the effort has wasted taxpayers’ dollars.

Earlier in 2025, Lineage also expanded its operations in Arizona, Illinois, Kansas, Pennsylvania and Washington state, as well as in Australia, Denmark, the Netherlands and Norway.

Speaking in Mexico City, Bank of Canada's Tiff Macklem previewed some of the issues being considered in the coming review of the central bank’s monetary policy framework.  

The company is making structural changes to its teams across the U.S., interim CEO Ron Sargent said in a memo to staff on Aug. 26.

The shift to intermittent renewables in European electricity markets has created a need for new types of power-purchase agreements and a more flexible demand response from major users.

Rapid advances in AI promise to transform operations in many industries, including freight transportation, as more powerful AI models become widely available at lower costs.

A measure of Americans’ short-term expectations for income, business conditions and the job market fell 1.2 points to 74.8, remaining below 80, the marker that can signal a recession ahead.

Walmart's fulfillment service, which stores and ships products for third-party marketplace sellers, will provide next-day delivery in New York, Los Angeles, Chicago, Houston and Atlanta.