Transport Topics
Deutsche Post Profit Plunges 71% on Software-Project Costs
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Deutsche Post AG's third-quarter profit plunged 71% after the German delivery company booked 345 million euros ($372 million) in costs from a failed software project. The shares dropped the most in 2 1/2 months.
Intermodal Rail Traffic Declines for Second Consecutive Week
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Weekly U.S. intermodal rail traffic declined for the second consecutive week from the same period last year, according to the Association of American Railroads.
Freight Shipments Decline to Lowest October Level In Four Years, Cass Index Shows
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Freight shipments declined last month to the lowest October level in four years, the Cass Information Systems index showed, including a 4.7% drop from September and a 5.3% decline from October of last year.
Kroger Offers $800 Million for Roundy's Grocery Chain
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The Kroger Co., the nation's largest food retailer, is buying another regional grocery chain.
Kriska Agrees to Acquire TransPro Freight Systems
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Kriska Transportation Group Ltd. said it has agreed to acquire TransPro Freight Systems Ltd., based in Milton, Ontario, for an undisclosed amount.
West Virginia Trucking Association members receive a 2.7% discount
The leading voice for the trucking industry in West Virginia, committed to safety, efficiency, and growth.