Canadian National posted a net income of C$741 million on revenues of C$3.2 billion for the quarter, down 16 percent and 0.4 percent year-over-year, respectively.
CP worker strike derails
The Class I railway on Friday tendered final offers to the bargaining committees of two unions to renew collective agreements, averting potential strikes that were scheduled to kick in Saturday.
EU, Mexico put pieces in place for free trade deal
After several months of negotiations, the European Union and Mexico reached an agreement in principle on trade and investment and hope to have the remaining technical issues resolved “as soon as possible.”
Trump directs new arms, drone export policies
The White House takes “key first steps in a series of government-wide initiatives to strengthen our allies, support the manufacturing and defense industrial base and drive American job creation and innovation.”
Ports urge careful consideration of trade sanctions
American Association of Port Authorities tells U.S. Trade Representative Lighthizer that sanctions could hurt jobs at ports, tax revenues.
WiseTech’s acquisition spree stays in high gear
The global logistics software provider, which has made more than a dozen acquisitions since January 2017, unveiled an additional three on Monday, expanding its presence in Latin America and Europe.
Treasury gives grace period to sever RUSAL ties
The Treasury Department’s Office of Foreign Assets Control on Monday said U.S. companies with business ties to the recently sanctioned aluminum producer and its subsidiaries will have until Oct. 23 to cut those connections.
BIS leader moving to National Security Council
Mira Ricardel, former acting assistant secretary of defense for international security policy, will serve as deputy national security advisor.
Foreign investments in U.S. ports face government scrutiny
Foreign companies want to invest in U.S. marine terminals, but they face government scrutiny that could curtail or even block their efforts altogether.
Executive Moves: Jacksonville Port Authority and Roadrunner Transportation Systems
The Jacksonville Port Authority has named an interim chief financial officer, while Roadrunner Transportation Systems promotes president to the board.