23 Feb Conveyor Belt System to Move Cargo Around Great Lakes Locks Raises Questions WASHINGTON - Members of Michigan's congressional delegation raised concerns today that the Army Corps of Engineers may be considering an unorthodox alternative in a cost-benefit study that, if true, could potentially hurt the case being made for a new super-size navigational shipping lock at a key chokepoint on the Great Lakes. Read more...
23 Feb Claims for Jobless Benefits Point to Firm Job Market The number of Americans filing for unemployment benefits increased last week, while staying within a range that shows subdued firings. Read more...
22 Feb Trucking Futures Exchange Could Launch This Summer DAT Solutions has teamed with TransVix to establish a futures exchange that'll allow trucking companies, third-party logistics providers and shippers to hedge against uncertainty in spot market rates, a venture that could launch as early as this summer. Read more...
22 Feb Central Freight Agrees to Buy Wilson Trucking Less-than-truckload carrier Central Freight Lines has signed a letter of intent to acquire Wilson Trucking Corp., also an LTL carrier, in a move to expand Central's service territory into the Southeast. Read more...
22 Feb New Jersey's Bayonne Bridge Reopens Ready for Larger Containerships The Bayonne Bridge opened Feb. 20 in New Jersey after work was completed to raise the surface to 215 feet to ensure larger containerships can fit underneath and call the Port of New York and New Jersey. Read more...
22 Feb Matson Profit Falls 22% in 2016 Matson Inc., the biggest ocean cargo company serving Hawaii, suffered a 22% drop in profit in 2016 as higher expenses overshadowed revenue growth. Read more...
22 Feb Trump's P3 Support Concerns Anti-Toll Group An infrastructure funding measure reliant on private capital coming from the Trump White House is worrisome to the country's top anti-tolling group. Watch video with Stephanie Kane of the Alliance for Toll-Free Interstates. Read more...
22 Feb Existing Home Sales Rise More Than Forecast as Supply Drops Sales of previously owned U.S. homes climbed for the fifth time in six months to the highest level since 2007, indicating housing-market momentum will extend into 2017, National Association of Realtors data showed Feb. 22. Read more...
22 Feb CEO Troy Clarke Adds Chairman Title at Navistar Navistar International Corp. CEO Troy Clarke is now also chairman of the company's board of directors, the original equipment manufacturer said Feb. 21. Read more...
21 Feb XPO Logistics Notches First Full-Year Profit Since 2011 XPO Logistics posted its first full-year profit of the Brad Jacobs era, with net income of $63.1 million, or 53 cents a share, compared with a $245.9 million loss in 2015, or $2.65, the company said Feb. 21. Read more...