28 Feb Economy Grew 1.9% in Fourth Quarter, Unchanged From Early Estimate The U.S. economy grew in the fourth quarter at a 1.9% pace, unchanged from an initial estimate, as slower investment by businesses and state and local agencies offset stronger household purchases. Read more...
27 Feb Burlington Northern Santa Fe Profits Drop 8.4% Burlington Northern Santa Fe, the parent company of BNSF Railway, reported net income fell 8.4% in the fourth quarter but, similar to other Class I railroads, the decline in the final three months was significantly less than earlier in 2016. Read more...
27 Feb Diesel Rises 0.5¢ to $2.577 The U.S. average retail price of diesel rose 0.5 cent to $2.577 a gallon, diesel's third increase after four consecutive weekly declines, the Department of Energy reported Feb. 27. Read more...
27 Feb Daimler AG Names Martin Daum to Head Global Truck and Bus Unit Daimler AG promoted Martin Daum to head of Daimler's global truck and bus divisions effective March 1. Daum had been CEO of Daimler Trucks North America, a position he assumed in 2009. Read more...
27 Feb Virginia, Georgia Ports Await Federal Approval for Collaboration in 'New Era in Global Trade' The Virginia Port Authority and the Georgia Ports Authority on Feb. 24 filed with the Federal Maritime Commission to create an East Coast Gateway Terminal agreement. Read more...
27 Feb Railroad Executive Hunter Harrison has Reputation for Success and Record of Cost-Cutting A month ago, few people in Jacksonville, Florida, probably ever heard of Hunter Harrison. But the 72-year-old Tennessee native has been almost a legend in the railroad world where he's spent more than 50 years. Read more...
27 Feb Georgia Ports Have Best January Ever Georgia's ports experienced their busiest month ever with double-digit growth across all business sectors, the Georgia Ports Authority said Feb. 24. Read more...
27 Feb Pending Purchases of Existing Homes Unexpectedly Decline Contracts to buy previously owned U.S. homes unexpectedly declined in January as higher mortgage rates, elevated prices and a limited number of listings pushed the index to a one-year low, according to figures released Feb. 27 from the National Association of Realtors in Washington. Read more...
27 Feb Orders for Durable Goods in US Rebounded 1.8% in January Orders for U.S. durable goods rebounded in January, a sign companies remained upbeat at the start of the year. Read more...
24 Feb Replay: LiveOnWeb on Recruiting Young Drivers Young drivers are appealing to fleets, but fleets often lose them as quickly as they find them. What new methods are fleets using in recruiting efforts? In our March 8 LiveOnWeb, hosted by Transport Topics Executive Editor Joe Howard, we looked at the challenge the industry faces in attracting young drivers to replace retiring drivers. Watch the replay. Read more...