Transport Topics
Union Pacific Reports Strong 4Q Results, but Hints of Job Cuts
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Union Pacific Corp. reported record 2018 fourth-quarter income of $1.55 billion, or $2.13 a share, on Jan. 24.
CEO Eddie Lampert’s Winning Bid for Sears Valued at $5.2 Billion
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Eddie Lampert’s winning bid to salvage Sears Holdings Corp. valued the bankrupt retailer at $5.2 billion, according to a statement.
December Class 8 Sales Cap Fourth-Best Year All-Time
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U.S. Class 8 retail sales rose 16.7% to 26,083 in December to cap the fourth-highest sales year ever as fleets replaced older trucks and expanded amid tight capacity, strong freight demand and high rates.
Former White House Infrastructure Guru D.J. Gribbin Still Supports Streamlining
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WASHINGTON — D.J. Gribbin, the architect of President Donald Trump’s 2018 infrastructure proposal, touted the administration’s efforts to streamline the federal permitting process for major infrastructure projects.
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