Transport Topics
TFI International Profits Increase in Fourth Quarter
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TFI International Inc., formerly known as TransForce, reported net income rose 3.9% in the fourth quarter of 2016, although the gains were slightly lower than the consensus forecast from industry analysts.
South Korean Court Orders Shipping Giant Hanjin to Liquidate
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A court in the South Korean capital, Seoul, declared struggling shipping giant Hanjin officially bankrupt on Feb. 17 and ordered the company to liquidate its assets.
Oregon Searching for Road Funds Amid Major Budget Crunch
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Oregon's budget deficit is approaching $2 billion at the same time that its Department of Transportation says it needs another $545 million a year just to maintain the state's roads and bridges.
CSX Seen Restarting CEO Talks After Activist Softens His Demands
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CSX Corp. is expected to restart talks to install Hunter Harrison as CEO after an activist investor allied with the railroad turnaround veteran softened his demand for board representation, a Citigroup Inc. analyst said.
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