Thomas Black

Business, Logistics

XPO Logistics Poised to Pursue Acquisitions Again

XPO Logistics' Brad Jacobs Jacobs by Christopher Goodney/Bloomberg News

XPO Logistics Inc.’s CEO is on the hunt for takeover targets again after taking a two-year pause.

Thomas Black | Bloomberg News
July 3, 2017
Technology

Did Your Package Get Dumped in Transit? Via Cloud, Now It Can Tell You

David Paul Morris/Bloomberg News

After Intel Corp. couldn’t find a device that indicated when sensitive chip-making machines tilted too much during shipping, the company decided to build one.

Thomas Black | Bloomberg News
May 24, 2017
Business

Greenbrier Surges as Rail-Car Maker Sees Recovery Next Year

Natalie Behring/Bloomberg News

Greenbrier Cos. jumped the most in four years as the railcar maker said a recovery in freight volume means 2018 earnings will be stronger than analysts have been expecting.

Thomas Black | Bloomberg News
January 6, 2017
Business, Logistics

Earnings Turmoil Deepens at Railroads as Trucks Poach Freight

Ken James/Bloomberg News

Railroads lost cargo to trucks in the third quarter, adding to a yearlong slide in profits as demand tumbled for coal, oil and metals.

Thomas Black | Bloomberg News
October 12, 2016
Business, Technology

167-Year-Old Railroad Tests Skies for Drone Age

Latitude Engineering

BNSF Railway Co. is flying drones as far as 150 miles along the New Mexico desert to inspect tracks, helping the Federal Aviation Administration develop rules for operating unmanned aircraft beyond the pilot’s line of sight.

Thomas Black | Bloomberg News
August 30, 2016
Business

Fragile Economy Now Facing a Slowdown in Building Boom

John Taggart/Bloomberg News

At a quarry in Bridgeport, Texas, where rock is crushed, sorted and cleaned, it’s hard to tell that the nation’s construction boom may be hitting a wall.

Thomas Black | Bloomberg News
August 1, 2016
Business, Logistics

Union Pacific, Canadian Pacific Earnings Slump; Kansas City Southern Gains

Ken James/Bloomberg News

Union Pacific Corp. and Canadian Pacific Railway Ltd. this week reported second-quarter net income fell 19% and 16% respectively in a weak rail freight market, while smaller carrier Kansas City Southern raised net income 7% with help from a tax credit.

Thomas Black | Bloomberg News
July 21, 2016
Business, Autonomous

Why Will the Feds Let Robots Drive Trucks but Not Trains?

Michael W. Wile/Flickr

Peter Mills sees an inconsistency. One arm of the U.S. Department of Transportation is recommending two-person crews be required for freight trains as another plans to spend billions to help develop driverless technology for longhaul trucks.

Thomas Black | Bloomberg News
June 30, 2016
Business

Two BNSF Freight Trains Collide in Texas on Busy Rail Route

Two BNSF Railway Co. freight trains collided June 28 in Texas, leaving at least one worker injured. Rescue efforts were under way for three other employees involved in the accident.

Thomas Black | Bloomberg News
June 29, 2016
Business, Logistics

Shippers Feeling Railroaded With Prices Up Even as Freight Falls

Kurt Haubrich/Flickr

All major North American railroads pushed through rate increases earlier this year even as freight fell the most since 2009.

Thomas Black | Bloomberg News
May 5, 2016

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