Penske to acquire truck leasing, dedicated logistics business owned by family that founded Old Dominion Freight Line.
Norfolk Southern opens transfer terminal in Chesapeake to serve shippers of dry and liquid bulk commodities
10 May 2016
The Virginia Port Authority has revised its position on the SOLAS container weight rule, the latest sign of how terminals and port operators are changing tactics.
20 Apr 2016
The business agent-financial secretary for an International Longshoremen’s Association local at the Port of Virginia resigned, and will be removed from other positions, after an audit revealed funds were used for non-union purposes, a top officer said.
12 Apr 2016
The U.S. economy may be crawling along, but Estes Express Lines is moving faster, opening a new less-than-truckload terminal in the Chicago area.
11 Mar 2016
After a flat January, container volume surged by double digits at the Port of Virginia in February, partly thanks to favorable comparisons to last year.
09 Mar 2016
Canadian Pacific Railway officially filed its proxy statement with the U.S. Securities and Exchange Commission Wednesday outlining a shareholder resolution to be considered at Norfolk Southern Railway’s annual meeting this spring. But, the overture merely asks NS shareholders to consider a trust rather than set the stage for control over the NS board.
03 Mar 2016
FedEx, the largest less-than-truckload carrier in North America and the second-largest trucking operator in the U.S., has joined the league of logistics industry groups, including rival UPS, opposed to a proposed Canadian Pacific-Norfolk Southern railway merger.
11 Feb 2016
Jack Holmes, the career UPS executive who became president of UPS Freight in 2007, will retire in June. Rich McArdle, another UPS veteran, will take his place.
10 Feb 2016
Canadian Pacific Railway CEO E. Hunter Harrison said Wednesday he will abandon a proposed takeover of Norfolk Southern Railway if shareholders at the Virginia railroad fail to pressure their board to sit down at the negotiating table with their Canadian counterparts.
09 Feb 2016
Canadian Pacific Railway said Tuesday it plans to submit a resolution asking Norfolk Southern Railway shareholders request their board of directors engage in “good faith discussions” with CP regarding its proposed merger, the newest approach after the Calgary-based company has been rebuffed three times.
27 Jan 2016
Still fighting off an increasingly hostile takeover, Norfolk Southern Railway Wednesday assured shareholders that despite weak carload volume and tumbling intermodal traffic producing a double-digit profit loss, the railroad remains better on its own.