Transport Topics
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Weekly U.S. intermodal rail traffic rose 0.6% from the same period last year after declining 13.3% the prior week, the Association of American Railroads reported.
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When Tote Inc., a shipper that operates between the United States and the Caribbean, launched its latest containership last month, the 760-foot craft carried a certain distinction: It's only the second of the massive vessels worldwide fueled by liquefied natural gas.
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Swift Transportation Co. said its third-quarter and full-year results will lag analyst forecasts and its own profit guidance because of costs from past accidents and weaker freight volumes in the fourth quarter.
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The momentum in orders for business equipment stalled in August after gains the prior two months as U.S. investment took a breather amid volatility in financial markets and concerns that global growth is slowing.
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