The railroad transportation equipment manufacturer posted net earnings of $183.2 million in fiscal 2016, ended Aug. 31, a 5 percent decrease from the previous fiscal year, even as revenues reached a record $2.68 billion.
The Northwest Seaport Alliance will release two new mobile applications, DrayQ and DrayLink, in early November as part of an effort to speed cargo flow through the ports of Seattle and Tacoma and along local freight corridors.
Under an agreement reached earlier this year, Ports America Chesapeake will assume operational responsibility for the Seagirt Container Transfer Facility at the Port of Baltimore on Oct. 31, the port terminal operator said in a statement.
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The deadline for reaching a new softwood lumber trade agreement between the United States and Canada expired on Wednesday, risking the assessment of hefty U.S. duties on these imports from Canada.
The U.S. Department of Transportation's economic analysis of electronically controlled pneumatic brakes was based on insufficient data and may have overestimated the benefits of DOT's proposed mandate, according to the Government Accountability Office.
The FedEx Corp. less-than-truckload subsidiary has purchased 100 tractors powered by compressed natural gas, and tapped Clean Energy Fuel Corp. to design, build and maintain the unit's first CNG fueling station in Oklahoma City.