The nominations of Wilbur Ross as Secretary of Commerce and Elaine Chao as Secretary of Transportation have been approved by the Senate Committee on Commerce, Science, and Transportation, and now move to the full Senate for approval.

Brian A. Kenney, president and chief executive officer of GATX Corporation, said the company achieved record earnings per share for the full year of 2016.

The Florida Department of Transportation announces secretary resignation, names interim secretary, while CenterPoint Properties hires vice president of investments.

The seasonally adjusted For-Hire Truck Tonnage Index slipped 6.2 percent to a reading of 133.8 compared with the previous month, following a revised 8.4 percent jump in November, according to the American Trucking Associations.

Japanese financial services firm Orix Corp. said the company decided to increase its exposure to shipping industry debt because it sees the “current market conditions as a favorable investment opportunity,” according to a report from Reuters.

The trucking technology provider said the new product offers rating solutions based on dimensional weight, modeled on Mexico-to-Mexico postal codes and delivered in Mexican pesos.

Total deal value and volume in the transportation and logistics industry for the full year in 2016 fell 31 percent and 6 percent, respectively, from the previous year, according to a new report from PricewaterhouseCoopers.

Total cross-border trade between the United States, Mexico and Canada grew 3.3 percent after falling in 21 of the previous 22 months compared with the prior-year period, according to the Department of Transportation’s Bureau of Transportation Statistics.

The U.S. Commerce Department has determined that truck and bus tires from China are being both subsidized by the Chinese government and dumped on the U.S. market at less than fair value.

The integration solution gives McLeod PowerBroker users access to project44’s less-than-truckload API-based transportation solutions.