Canadian Pacific Railway saw revenues jump 13 percent to $1.64 billion during the second quarter of 2017 compared to the same period last year, according to the Class I railroad’s most recent financial statements.
Portland Planning Board backs waterfront zoning change for port warehousing
A waterfront space near the Maine seaport may soon contain temperature-controlled warehousing and the new U.S. headquarters for Icelandic ocean liner Eimskip, according to a report from the Portland Press Herald.
UP Q2 2017 earnings speeds past analyst expectations
Omaha, Neb.-based Class I railway Union Pacific reported earnings per share of $1.45 for the quarter, up from $1.17 per share a year prior and surpassing the Zacks consensus estimate of $1.37 per share.
Executive Moves: Delta Air Lines Cargo and TTD
Delta Air Lines Cargo appoints director, cargo sales for the Asia-Pacific region; and the Transportation Trades Department, AFL-CIO’s executive committee elects president and secretary-treasurer.
MDOT applies for federal funding for Howard Street tunnel expansion, again
President Trump’s decision to replace the FASTLANE federal infrastructure grant program means the Maryland Department of Transportation must reapply for funding to expand a critical intermodal tunnel outside the Port of Baltimore.
Commentary: The digital domino effect
In an industry as interconnected as global trade and transportation, a serious security breach like the recent Petya cyber attack on Maersk can have far-reaching implications for shippers and fellow service providers alike.
NS to consolidate divisional operations this fall
The consolidation, which is expected to go into effect by Nov. 1, reduces the number of operating divisions on Class I railway Norfolk Southern’s system from 10 to nine and will affect a total of about 50 employees.
Despite lawsuits, DryShips announces 5th reverse stock split this year
The latest reverse stock split by DryShips Inc., which is currently under investigation for securities fraud, takes effect on July 21, the same day the company’s common shares will begin trading on a split-adjusted basis on the Nasdaq Capital Market.
Ports of LA, Long Beach release 2017 clean air plan update draft
The updated Clean Air Action Plan includes near- and long-term strategies grouped into four categories: Freight Efficiency; Energy Resource Planning; Freight Infrastructure Investment & Planning; and Clean Vehicles, Equipment Technology & Fuels.
SCPA posts record volumes for FY2017
In its fiscal year that ran from July 2016 to June 2017, South Caroline Ports Authority handled 2.14 million TEUs an increase of 10 percent from the previous fiscal year and an all-time high for the port.