Transport Topics
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Canadian National Railway Co. acquired the intermodal division of Calgary, Alberta-based motor carrier H&R Transport Ltd.
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A key measure of U.S. consumer prices rose by less than expected in April on lower used car and apparel costs, testing the Federal Reserve’s message that muted inflation will prove transitory.
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All-wheel-drive sedans used to be a niche market limited to park rangers and uptight snow-belt drivers. These days, they’re becoming a more popular choice for decidedly mainstream models.
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Meritor Inc. announced it entered into an agreement to acquire AxleTech from an affiliate of The Carlyle Group for $175 million to accelerate global sales and growth.
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