Transport Topics
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Oil supply has exceeded demand globally for the past five quarters, already the most enduring glut since the 1997 Asian economic crisis, International Energy Agency data show.
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A 37% rebound in oil prices will boost crude-by-rail shipments as drillers complete more wells and extract more crude that U.S. pipelines don't have the capacity to handle, Burlington Northern Santa Fe executive chairman Matthew Rose said June 15.
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Truck and engine maker Navistar Inc. has added Canadian telematics provider Shaw Tracking to its open-architecture remote diagnostics platform, OnCommand Connection.
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Component manufacturer Eaton Corp. has announced that Craig Arnold will transition to chairman and CEO as part of a succession plan that is scheduled to conclude in June 2016.
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