Transport Topics
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U.S. rail intermodal traffic rose 3.8% in the week ended May 9 compared with the same week last year, the Association of American Railroads reported.
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FedEx Corp. said it plans to pay for the majority of its $5 billion purchase of Dutch parcel and freight carrier TNT N.V. with the U.S. buyer's own funds.
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Leaders of the transportation policy committee in the Senate said May 13 they will schedule a hearing in June to consider a bill that reauthorizes surface highway programs for six years.
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The American Society of Transportation and Logistics and APICS, an association representing supply chain and operations management professionals, have agreed to merge.
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