The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending February 17, 2018. For this week, total U.S. weekly rail traffic was 539,963 carloads and intermodal units, up 3.1 percent compared with the same week last year. Total carloads for the week ending February 17 were 260,454 carloads, down 0.6 […]
The Federal Railroad Administration (FRA) announced plans on Thursday to administer $73 million in grant funding for capital projects that bolster intercity passenger rail and enhance rail safety. Made available through the Fixing America’s Surface Transportation (FAST) Act, the grants are designed to couple federal, state and private investments to advance rail projects. Implementing positive […]
US-based carrier Southwest Airlines intends to begin shipping cargo to international destinations from this May, subject to receiving the necessary government approvals. Southwest Airlines Cargo expects to initially serve Mexico City, Cancun, Cabo San Lucas/Los Cabos and Puerto Vallarta – all of which are in Mexico – before expanding its shipping connections to more international […]
Asian airlines started the year strongly with many of the region’s major carriers reporting stronger growth than they achieved last year. However, it should be noted that growth figures in the first part of the year can be affected by the timing of the Chinese New Year and it is perhaps better to wait until […]
More than 87 pct of the global fleet capacity is controlled by only ten out of 67 shipping lines operating fully cellular containerships, which is less than 7 pct of the total lines, according to the data from MDS Transmodal.
Global demand for crude oil could peak in the next two decades, as renewables like solar power surge faster than expected to meet a greater share of the world’s energy needs, BP BP +0.68% PLC said Tuesday. The world’s appetite for oil and other liquid fuels could continue to grow until around 2035, hitting 110.3 […]
President Donald Trump’s pledge to fix America’s ailing roads, bridges and airports may get an unlikely boost from retirement savers some 10,000 miles away in Australia. In face-to-face talks at the White House this week, Prime Minister Malcolm Turnbull will propose using a chunk of Australia’s A$2.53 trillion ($1.99 trillion) pension savings pool to help […]
A preliminary report about the U.S. manufacturing sector for this month showed business conditions continue improving, hitting a 40-month high, while a separate one on existing home sales revealed a decline for the second straight month amid higher prices and a supply shortage.
Walmart proved to be the victim of its own success on Tuesday. The discount retailer’s shares plunged 10% (shedding $31 billion in market cap) after it unnerved investors by reporting a sharper than expected decline in online sales growth. (Most of that was to be expected as it come a year after its 2016 $3 […]
Canadians are borrowing against their houses at the fastest pace in more than five years, as home equity lines of credit (HELOCs) emerge as a preferred means of accessing funds.
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