Watco to acquire two Southwestern railroad lines
Watco Companies and its subsidiary, Watco Transportation Services (WTS), announced Monday the acquisition of two railroads in Texas. Read More »
Watco Companies and its subsidiary, Watco Transportation Services (WTS), announced Monday the acquisition of two railroads in Texas. Read More »
During U.S. Department of Transportation Secretary Anthony Foxx's visit on Friday to the Los Angeles County Metropolitan Transportation Authority's (LACMTA) new bus maintenance and operations facility, Foxx stressed the importance of supporting public transit. This stop was the latest on Foxx's tour across the country to highlight the importance of infrastructure and transportation investment, and to encourage Congress to reach a solution on reauthorizing federal funding for ground-transportat Read More »
ASF Intermodal has surpassed the 400 truck milestone after only four years of being in operation. Read More »
Ireland's Research and Markets released a report last week that said the global intermodal freight transportation market is expected to grow at a compound annual rate of more than 17 percent from 2014-2019. Read More »
The American Road & Transportation Builders Association (ARTBA) recently sent its new publication on the U.S. transportation system to members of Congress to encourage them to find a long-term funding source for the Highway Trust Fund. Read More »
U.S. Reps. Bill Shuster (R-PA) and Paul Ryan (R-WI) released a statement on Friday concerning legislation that was recently introduced to extend federal surface-transportation funding for two months. Shuster, chairman of the House Transportation and Infrastructure Committee, and Ryan, chairman of the House Ways and Means Committee, are concerned about the impending expiration of Highway Trust Fund authorization. Read More »
The Oklahoma Transportation Commission recently granted a contract to the Oklahoma Department of Transportation (DOT) to provide $7 million in emergency repairs for an important bridge in Oklahoma City. Read More »
The Teamsters said on Thursday that they recently won majority support from Swift Transportation shareholders for the union's proposal to require that the company’s board replace its current dual-class stock structure with a one-share, one-vote system. The Teamsters' proposal was endorsed by Swift shareholders at the company’s 2015 annual meeting on May 8, with the plan receiving 82 percent support from Class A shareholders, up 3 percent from a year earlier. Read More »
Report highlights how public and private sectors are delivering critical transportation projects. Read More »
In response to the recent derailments and toxic spills involving trains hauling volatile crude oil, a group made up of representatives from conservation and citizens' groups has sued the U.S. Department of Transportation (DOT), alleging new safety standards for oil trains recently set by the DOT fail to protect the public. On May 1, the DOT unveiled its final tank-car safety rule, and a week later, a train hauling crude oil burst into flames near Heimdal, North Dakota. Read More »
The amount of freight carried by the for-hire transportation industry rose 1.7 percent in March from February, following a one-month decline, the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week. Read More »
Total March employment by U.S. airlines jumped more than two percent from a year earlier, The U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) announced Wednesday. Read More »
Acting Federal Transit Administrator Therese McMillan joined other Orlando officials on Thursday to break ground at the Central Florida Regional Transportation Authority LYNX LYMMO bus rapid transit (BRT) line. The new line will improve the connections and options that commuters have to existing transit services located within the Orlando region, helping to reduce traffic and expanding commuters' access to the city. Read More »
The Metropolitan Transportation Authority (MTA) said this week that bonds issued through its Transportation Revenue Bond (TRB) credit were rated AA+ by the Kroll Bond Rating Agency. AA+ is one of the highest ratings the agency gives for debt creditworthiness, indicating that MTA bonds carry a minimal risk of loss from credit-related events. Read More »
The Tennessee Infrastructure Alliance (TIA) said on Wednesday that the state is facing a growing problem of needed infrastructure projects piling up that lack funding.Some analysts have estimated that $6 billion to $8 billion would be needed to begin tackling some of the road projects across the state. Tennessee's infrastructure projects are supported by state fuel taxes that have not been adjusted since 1989. Read More »
The Illinois Department of Transportation (IDOT) released a six-year, $8.4 billion highway construction plan yesterday that it says will repair and improve state roads and bridges but won't provide a long-term solution to the state’s infrastructure needs. Read More »
Leaders from American Trucking Associations called on Congress this week to pass a short extension of the federal highway program while continuing to focus on a long-term bill. “The trucking industry moves nearly 70 percent of our nation’s freight tonnage and pays for nearly half of the Highway Trust Fund, so we have a lot of skin in this game,” ATA President and CEO Bill Graves said. Read More »
TransForce, Inc. said April 16 that it has acquired Davis Transportation Services (DTS), the leading regional provider of high-quality commercial truck drivers in New England. Read More »
The Chicago Transit Board (CTB) announced Wednesday that Dorval Carter Jr. will be the new president of the Chicago Transit Authority (CTA). Carter, who has worked more than 30 years in public transit at the city and federal levels, was chosen to lead the CTA by Chicago Mayor Rahm Emanuel. Read More »
The Los Angeles County Metropolitan Transportation Authority (Metro) board said Wednesday it will host a public hearing to discuss its proposed $5.56 billion budget for 2016 fiscal year. The public meeting will be held Wednesday, May 20, 2015, at 1 p.m. at the Metro headquarters building at One Gateway Plaza, 3rd Floor Board Room, Los Angeles, California. Read More »