Transport Topics
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The U.S. Treasury Department has gone from economic diplomats to trade warriors, a shift that leaves Secretary Steven Mnuchin once again exposed to broadsides from global counterparts as tensions grow ahead of a multilateral summit.
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A new study found that Great Lakes shipping to ports such as the Port of Indiana-Burns Harbor and the Port of Chicago on the South Sides pumps $25.6 billion into the economy and supports 237,000 jobs, including 147,500 in the Midwest.
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A major roadblock in Minneapolis involving how its Southwest light rail and freight trains operate close to one another has been resolved, freeing local transit planners to apply for nearly $1 billion in federal funds to help pay for the project.
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Commercial vehicle supplier Wabco Holdings reported second-quarter operating income of $146.5 million, up 35% from $108.4 million in the same period a year ago. Earnings per share rose to $1.95, up 21% from $1.61.
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