17 Feb 2016 Net Income Down, Revenue Up at Wabco Holdings Commercial vehicle supplier Wabco Holdings Inc. reported lower net income on higher revenue for the fourth quarter and full year in 2016. Read more...
17 Feb Oregon Searching for Road Funds Amid Major Budget Crunch Oregon's budget deficit is approaching $2 billion at the same time that its Department of Transportation says it needs another $545 million a year just to maintain the state's roads and bridges. Read more...
17 Feb South Korean Court Orders Shipping Giant Hanjin to Liquidate A court in the South Korean capital, Seoul, declared struggling shipping giant Hanjin officially bankrupt on Feb. 17 and ordered the company to liquidate its assets. Read more...
17 Feb Q&A: How Trump Might Try to Fix Bridges and Highways It's one point of agreement in a politically polarized government: U.S. highways, bridges and airports are in need of repair and rehabilitation. Read more...
17 Feb CSX Shareholders Seen Likely to Make Harrison a $300 Million Man CSX Corp. shareholders are likely to approve turnaround veteran Hunter Harrison's demand for a $300 million pay package that the railroad derided as "exceptionally unusual," according to analysts. Read more...
17 Feb Port of Vancouver Commissioners Pass Resolution In Support Of New Bridge Commissioners at the Port of Vancouver unanimously passed a resolution during the week ending Feb. 18 that supports the replacement of the Interstate 5 bridge. Read more...
17 Feb TFI International Profits Increase in Fourth Quarter TFI International Inc., formerly known as TransForce, reported net income rose 3.9% in the fourth quarter of 2016, although the gains were slightly lower than the consensus forecast from industry analysts. Read more...
17 Feb Manac Takes Minority Stake in ABS Remorques ABS Remorques Inc., a Canadian manufacturer of live-bottom semi-trailers, announced that Manac Inc., the leading Canadian manufacturer of semi-trailers, has taken a minority stake in the company. Read more...
17 Feb Greenkraft to Add Classes 6-7 Alternative Fuel Trucks to Production Mix Truck maker Greenkraft Inc. announced plans to expand to a bigger factory in 2017 and also introduce a new line of alternative fuel Classes 6-7 cab-forward trucks called the G3 and G4, respectively, it said. Read more...
17 Feb Rush Enterprises Adds Truck Center In New Mexico Rush Enterprises Inc. announced it opened a Rush Truck Center in Farmington, New Mexico. Read more...