Norfolk Southern will invest $200 million to grow capacity on a key Alabama rail line in a freight corridor for agriculture, automotive, chemicals, forestry and steel goods.
Category: News
Peterbilt Showcases Electric Vehicles
SONOMA, Calif. — Peterbilt is working with its dealers and customers to deploy end-to-end solutions for electric vehicle applications and meet regulatory requirements.
Kroger and Albertsons Spend More Than $800M on Merger Fees
Kroger Co. and Albertsons Cos. have spent more than $800 million on fees paid to lawyers, bankers and advisers for their proposed merger.
New Texas-Mexico Border Lanes Speed Up Commercial Traffic
U.S. CBP officers can now inspect more inbound trucks from Mexico at a border crossing into Texas since construction is complete on an $8 million project donated by the City of Pharr.
Class 8 Truck Sales End Nearly a Year of Declines
U.S. Class 8 retail sales ended 11 consecutive months of year-over-year declines with a small uptick in July, according to data from Wards Intelligence.
Canadian Labor Board Leaves Door Open for Rail Strike
The ruling found that a work stoppage between the Teamsters and rail companies would not pose an immediate threat to public health and safety, meaning a strike could occur as soon as Aug. 22.
Ford, Mazda Warn Owners About Takata Air Bag Inflators
DETROIT — Ford and Mazda are warning the owners of more than 475,000 older vehicles not to drive them because they have dangerous Takata air bag inflators that have not been replaced.
Oil Surplus Looms If OPEC+ Hikes Supplies, IEA Data Shows
Global oil markets are poised to swing from a deficit to a surplus next quarter should OPEC+ proceed with plans to boost supplies, data from the International Energy Agency showed.
Home Depot Trims Outlook for 2024
Home Depot’s Q2 sales rose slightly as the retailer benefited from an $18 billion acquisition this spring, but customers continued to rein in spending.
US Wholesale Inflation Cooled in July
WASHINGTON — Wholesale price increases eased in July, suggesting that inflation pressures are further cooling as the Federal Reserve moves closer to cutting interest rates.