This report is said to be the first of its kind to quantify the sweeping impact of investments by Class I railroads with U.S. operations on the overall economy.
June 13, 2016
The study finds spending by the seven largest U.S. railroads created $274 billion in economic activity, generated nearly $33 billion in state and federal tax revenues and supported nearly 1.5 million jobs nationally in 2014 alone.
The new distribution center deploys the latest technology for energy conservation, product handling and high-capacity blast freezing.
April 7, 2016
Lineage Logistics, a Colton, Calif.-based warehousing and logistics company sponsored by Bay Grove Capital LLC, San Francisco, officially opened the doors to its 180,000-square-foot, state-of-the-art cold storage distribution center in Charleston County, S.C.
CPX will continue to operate as its own entity while enhancing VersaCold’s growth in the cross-border transportation market.
March 15, 2016
VersaCold Logistics Services entered into an agreement to acquire Coastal Pacific Xpress (CPX), a Canada-based refrigerated carrier specializing in the shipping of perishable and ambient products throughout Canada and the United States.
Trucks carried 63.4% of U.S.-NAFTA freight and continue to be the most heavily utilized mode for moving goods to and from both U.S.-NAFTA partners.
March 4, 2016
The value of commodities moving by truck decreased by 3.1% in December 2015 compared to December 2014, while the value of air freight decreased by 3.5% and rail by 9.3%, according to a report published by United States of Transportation’s Office of the Assistant Secretary for Research and Technology Bureau of Transportation Statistics, Washington, D.C.
Kansas City Southern (KCS), Kansas City, Mo., announced that its principal U.S. subsidiary, The Kansas City Southern Railway Co. (KCSR), will invest approximately $5.6 million in 2016 in construction and improvement projects on its Shreveport Terminal Subdivision.
The Association of American Railroads (AAR), Washington, D.C., released today its first "State of the Industry Report" focusing on the key challenges, accomplishments and innovations within the freight railroad industry.