17 Oct Economic Slowdown Drags Union Pacific Q3 Profit Down 2% Union Pacific released third-quarter financial results Oct. 16 that showed declines in net income and revenue, and also a quarterly record for operating ratio. Read more...
17 Oct Port of Seattle Partners With WeWork on Maritime Business Incubator Port of Seattle is partnering with WeWork to attract younger workers to the maritime sector. Read more...
17 Oct Farmers Blame Trump for Biofuels Rule They View as Betrayal DES MOINES, Iowa — Agriculture commodity groups and some farmers expressed frustration and anger Oct. 16 with a rule released by the Environmental Protection Agency that they said fails to uphold a promise President Donald Trump made 12 days ago to fulfill the intent of an ethanol law passed by Congress. Read more...
17 Oct FedEx Files $212 Million Building Permit for World Hub in Tennessee MEMPHIS, Tenn. — FedEx officials confirm the company has filed a building permit for its new package sorting facility and world hub in Tennessee. Read more...
17 Oct Future of Workforce a Priority Amid AI Push, Lawmakers Say WASHINGTON — The advancements in artificial intelligence will require a national strategy that ensures workers are able to adapt to sweeping changes, two members of Congress active in this national debate said Oct. 16. Read more...
16 Oct Group Organizing Rebuttal Effort to Revised Chassis Pool Plan at Ports The simmering dispute between ocean shippers and trucking over the availability, price and quality of chassis has gotten a little hotter. Read more...
16 Oct Details Key for Lease-Purchase Deals; Drivers Urged to Do Their Homework For drivers wary of the prices for new or gently used trucks, lease-purchase agreements can offer a path to eventual ownership, but researching the deal before signing on the dotted line is crucial to avoid potential financial pitfalls, experts said. Read more...
16 Oct Fed Survey Finds US Economy Being Hurt by Trade Battles The Federal Reserve, issuing its latest assessment of business conditions around the country, reported Oct. 16 that “persistent trade tensions and slower global growth” were weighing on the economy. Read more...
16 Oct Massachusetts Gov. Charlie Baker Promotes $18 Billion Transportation Plan Massachusetts Gov. Charlie Baker recently testified before the state’s Joint Committee on Transportation to promote proposed legislation for an $18 billion transportation plan. Read more...
16 Oct New York Gov. Andrew Cuomo’s Thruway Toll Plan Shadows $2.7 Billion Bond Sale New York Gov. Andrew Cuomo’s still-unclear policy on future toll increases for the new Tappan Zee Bridge and the 570-mile New York State Thruway is casting uncertainty over the agency’s outlook as it returns to the municipal-bond market. Read more...