WARREN, Mich.-- Universal Truckload Services Inc. said Monday that it will pay $123 million in cash for Westport Axle Corp., which provides parts assembly, packaging and distribution services for makers of cars, heavy trucks and recreational vehicles.» Read More
Rio Tinto is investing $518 million in driverless trains for its 1,500 kilometer (930 mile) Western Australian iron-ore rail network, increasing network capacity as the world no. 2 iron ore miner aims to boost output 60 percent by 2015.
CNBC's Jackie DeAngelis reports China is moving full speed ahead with its high-speed rail program; Sears plans to close more than 100 of its stores; and Morgan Stanley plans to cut 580 jobs at four New York City offices.
Patrick Xu, ground transportation analyst, Asia Ex-Japan Equity Research., Barclays Capital, says valuations of China's toll road stocks are attractive and a safe bet in a volatile market.
With the same force that powered the most ambitious rail programme in history, China has slammed the brakes on its investment in high-speed trains. The FT reports.
Analysts have been raising their predictions for holiday spending ever since the back-to-school shopping season was stronger than most had expected. But the people who work at the companies that ship and transport retailers’ goods are not nearly as optimistic about holiday sales. The New York Times reports.
In the aftermath of China's recent high-speed train collision, citizens have lashed out at the government's handling of the disaster on weibo, the Chinese version of Twitter. The NYT reports.
After days of growing public fury over last month’s high-speed train crash and the government’s reaction, Chinese authorities have enacted a virtual news blackout on the disaster except for positive stories or information officially released by the government. The NYT reports.
A deadly train accident in eastern China has added to a national sense of unease that safety may have been sacrificed in the country’s rush to modernize. The NYT reports.
Michael Ward, CSX Corporation president/CEO discussing the company's record-breaking Q2 earnings and what will drive future growth, with Mohamed El-Erian, PIMCO CEO/Co-CIO.
CNBC.com has compiled a list of the countries with world's fastest trains based on the highest speeds that trains have reached. Here's the list!
James Cowan, American Railcar Industries CEO & president, and Steve Barger, KeyBanc Capital Markets transport analyst, discuss early signs of a revival for the railcar industry.
The question now is how much economic growth may slow, before the authorities shift from controlling inflation to revving the growth engine. The NYT reports.
China’s high-speed railway system, the largest-ever transportation infrastructure project in history, is presenting opportunities for global investors, says Jerry Lou, China Strategist at Morgan Stanley.
Despite higher oil prices, the world's largest supplier of rail equipment lays out a global strategy for growth, with Pierre Beaudoin, Bombardier CEO.
Investigators have found evidence that nearly $30 million of funds budgeted for China’s Beijing-Shanghai high-speed rail line was misappropriated last year, in another blow to the country’s scandal-plagued high-speed rail sector. The FT reports.