24 Apr CP Railroad Cites Extreme Weather as Factor in 1Q Earnings Canadian Pacific Railway Ltd. said its first-quarter net income and revenue surged, bolstered by gains in the freight sector. Read more...
24 Apr New York City to Limit Cars, Trucks on 14th Street in Traffic-Cutting Experiment In an 18-month experiment, the city plans to limit car and truck traffic from a six-block stretch of the road, establishing a corridor featuring express buses, wide bike lanes and pedestrian-friendly walkways. The bus service will start in June. Read more...
24 Apr BASF, Trimac Invest in New Bulk Freight-Matching Platform Bulky The world’s largest chemical shipper and one of the largest bulk carriers in North America are investing $1 million in what they say is the first digital freight-matching network for shipping liquid bulk commodities by truck. Read more...
24 Apr Walmart Creates Supply Chain to Stock 500 US Stores With Angus Beef Walmart, The nation’s biggest grocer has partnered with a Texas cattle rancher and other industry-related businesses to provide a steady supply of no-hormone-added Angus beef to 500 of its U.S. stores beginning later this year. Read more...
24 Apr Allison Reports Increased Net Income, Revenue in First Quarter Allison Transmission Holdings Inc. reported higher first-quarter net profit and revenue amid strength in the North American On-Highway market. Read more...
24 Apr New Division, Same Aim for Defending Tennessee Champion Phil Shelton The Tennessee Trucking Association is ready for the state’s Super Bowl of safety, and reigning Grand Champion Phil Shelton of Walmart Transportation is returning to defend his title. Read more...
24 Apr Trump Said to Consider Waiving US Ship Mandate for Natural Gas President Donald Trump is considering waiving the requirement that only U.S.-flagged vessels can move goods from American ports to Puerto Rico or energy-starved areas of the Northeast, according to sources familiar with the deliberations. Read more...
24 Apr Tesla Reintroduces Lower-Priced Model S After Deliveries Drop After a record decline in vehicle deliveries in the first quarter, Tesla Inc. is introducing lower-priced versions of several models, effectively offering consumers a discount. Read more...
24 Apr Ohio Safety Agency Petitions FMCSA for Veteran Driver Exemptions The Ohio Department of Public Safety has requested exemption from certain commercial driver license regulations to open up truck-driving opportunities for veterans. Read more...
24 Apr Caterpillar Tops Estimates, but Investors See ‘Cracks’ in Other Businesses Impressive results in Caterpillar Inc.’s mining business weren’t enough to assuage investor concerns about the outlook for its other businesses for the rest of the year. Read more...