Category: News

Class 1 freight railroad CSX Corp. on July 16 reported second-quarter net earnings of $870 million, or $1.01 a share, compared with $877 million, or $1.08 a share — a 1% dip from the same period a year ago.

Transoft Solutions Inc., a provider of transportation engineering design and analysis software, acquired Keysoft Solutions Ltd., according to a July 22 news release.

The U.S. average retail price of diesel dropped by 0.7 cent to $3.044 a gallon, the Department of Energy reported July 22. Meanwhile, crude oil rose to slightly more than $56 a barrel during trading of West Texas Intermediate.

Canadian Pacific Railway Ltd. on July 16 reported record second-quarter revenues of nearly C$1.98 billion, a 13% increase from the $1.75 billion in 2018. Income also surged to $724 million or $5.19 a share, compared with $436 million or $3.05 a share i…

In a report raising concerns about the U.S. Department of Transportation’s management of infrastructure grants popular among state officials, the Government Accountability Office recommended Congress reform the program.

Apple Inc. has hired Steve MacManus, at least the third Tesla Inc. engineering executive to join the Cupertino, Calif.-based technology giant in the past year.

The Pennsylvania Turnpike Commission has approved a 6% toll rate increase to keep pace with rising debt-service costs.

Tankers are offloading millions of barrels of Iranian oil into storage tanks at Chinese ports, creating a hoard of crude sitting on the doorstep of the world’s biggest buyer.

Alliance Parts, a unit of Daimler Trucks North America, announced it expanded its parts portfolio and increased its retail footprint with the goal of delivering parts in 24 hours or less.

Papé Kenworth Northwest announced it opened a 6,600-square-foot parts and service facility in Bellingham, Wash.