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Norfolk Southern Corp. will modify its Triple Crown Services (TCS) subsidiary to focus on the transport of auto parts, while other business will shift to the railroad's intermodal network.
General Electric’s power and water division plans to quit manufacturing gas engines at its plant in Waukesha, Wisc., and open a new facility in Canada to access its export credit agency.
Commerce found dumping and countervailable subsidies with Mexican sugar imports, but its hands remain tied by existing sugar trade agreements between U.S. and Mexico.
TOTE says "While this reflects that the ship was caught in rough seas and extreme weather, it is in no way indicative of the ship’s fate."
Rep. Stephen Fincher, R-Tenn., introduced a bill that would restore Ex-Im Bank’s operations and include various reforms, but will require a "discharge process" to reach the House floor for a vote.
The company’s minority investment in e-commerce specialist Ally Commerce Inc. is more about research than revenues, according to Rimas Kapeskas, head of UPS’s strategic enterprise fund.