24 Jan Canadian National Railway Posts Higher Profits, Ending Tough 2016 on a High Note Canadian National Railway posted a strong fourth quarter as earnings rose 8.2% year-over-year and beat analyst estimates during the period. Read more...
24 Jan Trump Pins Keystone and Dakota Pipeline Fate on Renegotiation President Trump took steps to advance construction of the Keystone XL and Dakota Access oil pipelines while foreshadowing a "renegotiation" of terms and insisting that developers use U.S. steel. Read more...
24 Jan Teamsters Reach Tentative Deal on Car Haulers Contract The International Brotherhood of Teamsters reached a tentative agreement Jan. 24 with the National Automobile Transporters Labor Division on a contract to cover union car haulers. Read more...
24 Jan Capitol Agenda for the Week of Jan. 24: A Toll Bridge Too Far? America needs new airports, pipelines, sewer systems, bridges and roads, no doubt. But if the funding solution for those projects involves raising tolls or establishing new ones, Americans aren't ready to cross that bridge. So then what? Here's the week ahead for trucking on Capitol Hill. Read more...
24 Jan Senate Panel Approves Elaine Chao as Secretary of Transportation The Senate Commerce Committee on Jan. 24 approved the nomination of Elaine Chao to be Secretary of Transportation. Read more...
24 Jan ATA Tonnage Down in December, But Other Trucking Data More Positive Truck tonnage decreased 0.7% in December, the third and final year-over-year decline in 2016 in the monthly index from American Trucking Associations, but analysts and economists remain optimistic that 2017 will a better year for the industry. Read more...
24 Jan USA Truck Launches Military Transition Program USA Truck in Van Buren, Arkansas, a national logistics company, has launched its Military Transition Apprenticeship Training Program to expand its outreach with U.S. military veterans. Read more...
24 Jan FedEx CEO Calls Trump's Withdrawal From Trade Deal 'Unfortunate' U.S. President Donald Trump should reconsider his positions on international trade and work to embrace China and its vast market, FedEx Corp's CEO said Jan. 24, one day after Trump made good on a campaign promise to pull out of a major trade deal with Asian allies. Read more...
24 Jan Canadian Pacific Separation Deal With Harrison Stokes CSX Speculation Canadian Pacific has reached a separation agreement with CEO Hunter Harrison effective at the end of the month, according to a filing with the Securities and Exchange Commission, which could stoke speculation that he and private investor Paul Hilal will attempt to assume control at rival railroad CSX. Read more...
24 Jan Existing US Homes Sales Fell in December, But 2016 Still Best in a Decade Sales of previously owned U.S. homes declined more than forecast in December, data from the National Association of Realtors data showed Jan. 24. Still, sales for the full year were the strongest since 2006. Read more...