Business

Business, Technology

Crowley Maritime Christens LNG-Powered Cargo Ship

Crowley tugboat A Crowley Maritime Corporation tugboat. (Ted S. Warren/Associated Press)

Fair winds and following seas greeted El Coqui — hailed as the future of modern maritime trade with its cleaner-burning liquefied natural gas engines and cutting-edge technology — as she sailed Oct. 20 from Jacksonville with cargo bound for Puerto Rico.

Teresa Stepzinski | The Florida Times-Union (Jacksonville, Fla.)
October 22, 2018
Government, Business, Fuel

North Dakota Pipeline Company Gauges Interest in Expanding Oil Volume

Dakota Pipeline Work being done one the Dakota Access Pipeline in S.D. (Tom Stromme/Associated Press)

BISMARCK, N.D. — The developer of the Dakota Access pipeline is gauging shippers’ interest in a possible expansion of the volume of crude oil moved through the pipeline from 500,000 barrels to 570,000 barrels per day, despite ongoing tribal efforts to shut the pipeline down.

Associated Press
October 22, 2018
Business

Canadian Pacific Reports Quarterly Revenue Record in 3Q

Canadian Pacific (Don MacKinnon/Bloomberg News)

Canadian Pacific Railway Ltd. posted revenue of C$1.9 billion in the third quarter, a record for any quarter in company history, the Calgary, Alberta-based railroad announced Oct. 18.

Dan Ronan | Associate News Editor
October 22, 2018
Business, Fuel

Sunoco Finalizes Deal for Brenco Marketing

Sunoco Russ MacNeil

Sunoco has completed its $24 million acquisition of Brenco Marketing Corp.’s fuel-distribution business.

Transport Topics
October 22, 2018
Business, Technology

Mack, Volvo Enhance Over-the-Air Software Update Capabilities

Mack Trucks and Volvo Trucks have improved upon their over-the-air feature, which allows for updates to occur while a driver has downtime, such as while at a rest stop or home.

Transport Topics
October 22, 2018
Business, Logistics

Pilot Freight Opens New Salt Lake City Warehouse

Pilot Freight Services delivery Pilot Freight Services

Pilot Freight Services, a global provider of transportation and logistics services, has announced the opening of a 44,000-square-foot multiclient warehouse in Salt Lake City.

Transport Topics
October 22, 2018
Business

Cargo Boom Drives Carl Icahn’s $1.34 Billion Sale of American Railcar

Carl Icahn Carl Icahn of Icahn Enterprises. It is said his investment in American Railcar has generated a total return of 423%. (Victor J. Blue/Bloomberg News)

Billionaire investor Carl Icahn agreed to sell American Railcar Industries Inc. for $1.34 billion, quintupling his investment as a freight boom spurs a rebound in demand for rail equipment.

Thomas Black | Bloomberg News
October 22, 2018
Business, Technology, Equipment, Fuel

AxleTech, Thor Trucks Partner to Build Heavy-Duty E-Powertrain

Heavy-Duty E-Powertrain Thor intends to market in 2019 the ET-1, a battery-electric Class 8 day cab that will have a 100-mile range and cost $150,000. (Thor Trucks Inc.)

AxleTech and Thor Trucks have partnered to create a fully electric commercial vehicle powertrain, according to an Oct. 16 press release. The two will integrate AxleTech’s e-axle technology with Thor’s proprietary battery technology.

Transport Topics
October 22, 2018
Business, Equipment

Wabco Reports Higher 3Q Net Income, Revenue From Uneven Markets

Wabco Wabco's OptiFlow AutoTail. (Wabco Holdings Inc.)

Commercial vehicle supplier Wabco Holdings Inc. reported third-quarter net income and revenue rose on gains in North America and India.

Roger Gilroy | Staff Reporter
October 22, 2018
Business, Fuel

Marathon Considers Selling High-Ethanol Gas in Minnesota

Marathon gas pump Michael Conroy/Associated Press

Marathon Petroleum Corp., the largest U.S. oil refiner after its $23.3 billion acquisition of rival Andeavor this month, is weighing a plan to start sales of high-ethanol gasoline at its stations in Minnesota, according to people familiar with the matter.

Mario Parker and Jennifer A. Dlouhy | Bloomberg News
October 22, 2018

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