28 Feb US Fourth-Quarter Growth Revised Down to 2.5% Annual Pace The U.S. economy’s growth rate last quarter was revised slightly downward as inventories subtracted more than previously estimated, Commerce Department data showed Feb. 28. Read more...
28 Feb Red Arts Capital Adds Central Arizona Freight to Holdings Red Arts Capital, an investment firm launched two years ago in Chicago, has added a second regional less-than-truckload carrier to its holdings with the purchase of Central Arizona Freight in Phoenix. Read more...
27 Feb Tom Garrison, Former CEO of American Freightways, Dies at 57 Tom Garrison, the former president and CEO of American Freightways Inc., died at his home in Harrison, Ark., on Feb. 11. He was 57. Read more...
27 Feb Trump’s Public Works Plan May Not Advance This Year, John Cornyn Says A public works package that is one of President Donald Trump’s top priorities may not make it through the Senate this year amid a packed agenda, John Cornyn, the chamber’s No. 2 Republican, said in an interview Read more...
27 Feb Trump’s Biofuel Summit With Senators Ends Without Agreement Donald Trump’s meeting with senators warring over the future of a program designed to boost biofuels ended without a breakthrough Feb. 27, prolonging a clash that could undermine the president’s political appeal in Pennsylvania and Iowa. Read more...
27 Feb Illinois’ Tepid Infrastructure Grade a Product of Funding Neglect, ASCE Leader Says Illinois’ recent score of a C- on the American Society of Civil Engineers’ infrastructure scorecard signals underinvestment from elected officials, according to Darren Olson, chairman of the report card study. Read more...
27 Feb Colorado May Vote on Potential Sales Tax Hike to Finance Road Projects Colorado voters may see a question on the ballot in November about raising the state’s sales tax to finance infrastructure projects. Read more...
27 Feb Tax Reform Benefits Expeditors, Matson in 4Q Expeditors International of Washington Inc. and Matson Inc. reported fourth-quarter and full-year 2017 results with both seeing boosts from the U.S. Tax Cuts and Jobs Act implemented in December Read more...
27 Feb C.H. Robinson Taps Robert Biesterfeld as Chief Operating Officer Third-party logistics company C.H. Robinson Worldwide Inc. promoted Robert Biesterfeld to chief operating officer, effective March 1. Read more...
27 Feb Ford is Arriving With a Solution to Miami’s Terrible Drivers: Eliminate Them On Feb. 27, Ford announced it had chosen Miami-Dade to be the first large-scale test site of its self-driving vehicle fleet. Read more...