Transport Topics
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GE Capital Corp. has agreed to sell its transportation finance business in the United States and Canada valued at $8.7 billion to BMO Financial Group and its Chicago-based subsidiary BMO Harris Bank. The price was not disclosed.
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Transport Topics is set to unveil a new addition to its Top 100/Top 50 franchise on Sept. 21: The Top 50 Global Freight Carriers. And we'll preview the list on Sept. 16 in a LiveOnWeb program.
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Fewer Americans lined up last week to file for jobless benefits, highlighting the persistent strength of the labor market.
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BNSF Railway Co. is ratcheting up pressure on Congress to postpone a deadline for installing a safety system by the end of the year, saying it would probably have to halt freight and passenger traffic if the requirement isn't delayed.
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