US Antitrust Chief Concerned About CP Rail-Norfolk Proposed Trust
The head of the Justice Department’s antitrust division said he's concerned about the proposed voting trust structure Canadian Pacific Railway wants to use to acquire Norfolk Southern Corp.
March 10, 2016Daily Briefings from Transport Topics
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XPO Becomes Logistics Manager for Trinity Health
XPO Logistics is expanding its presence in the health care industry by landing a contract as the third-party logistics provider for Trinity Health, the two companies said March 9.
March 9, 2016CP Rail CEO Harrison Says Combination with CSX Still Possible
Canadian Pacific Railway still is interested in exploring a merger with CSX Corp. even as Canada’s second-largest carrier continues to pursue Norfolk Southern Corp., CEO Hunter Harrison said.
March 8, 2016CSX Intermodal Terminal Brings Economic Boost to Florida Town
The facility is a month shy of its second birthday, but Winter Haven, Florida, city and business leaders say the CSX intermodal terminal and surrounding logistics center already are bringing the economic development they wanted.
March 8, 2016TRAC Intermodal Reports 2015 Profit, Reverses Year-Earlier Loss
Chassis provider TRAC Intermodal reported 2015 net income of $26.7 million, reversing a year-earlier loss of $3 million as revenue improved 10%.
March 4, 2016Consumer Comfort Falls to Lowest Level of the Year
Consumer confidence declined in the last week of February to the lowest level of the year as Americans’ perceptions about the economy and the buying climate waned.
March 3, 2016CSX Surges After Report of Canadian Pacific Takeover Interest
CSX Corp. jumped as much as 8% after the close of trading in New York, following a report that Canadian Pacific Railway approached the U.S. railroad about a takeover in January and was rebuffed.
March 2, 2016Big Cargo Ship in Seattle Signals Big Stakes as Nation's Ports Compete
The largest cargo ship to visit the United States, the CMA CGM Benjamin Franklin, arrived in Seattle on Feb. 29 to greetings from Mayor Ed Murray and other dignitaries, and a flurry of media coverage.
March 1, 2016Shippers' Desire for Data Offers Fleets Opportunities
NASHVILLE, Tenn. — Shippers remain more data-driven than ever, and that can present opportunities for carriers, a panel of experts said.
February 29, 2016272-Year Old Shipping Exchange Gets Acquisition Offer from Singapore
Singapore Exchange is seeking to buy Baltic Exchange, the 272-year-old London-based provider of information on global shipping costs.
February 29, 2016