The European Commission welcomes the agreement reached yesterday evening by the European Parliament and the Council of Ministers of the EU on the Fourth Railway Package. This is a series of measures to make European railways more innovative and competitive. The agreement will in particular improve the performance of rail services in the EU to […]
Norfolk, Va. – Norfolk Southern today announced it is consolidating its three operating regions into two, effective March 15. The decision to further streamline railroad operations is part of the company’s ongoing execution of its five-year strategic plan, announced in December 2015, to enhance operating efficiencies, reduce costs, drive profitability, and accelerate growth. As previously […]
JACKSONVILLE, Fla., – CSX (Nasdaq:CSX) Chief Financial Officer Frank Lonegro today highlighted the company’s track record of success during the energy market transition and updated expectations for company performance at the Barclays Industrial Select Conference in Miami, Florida. Over the past five years, CSX has grown its merchandise and intermodal business faster than the economy […]
FORT WORTH, Texas – American Airlines is partnering with Uber to create a door-to-door streamlined service to help customers get from home or work to the airport and back. The companies will work together to provide customers faster service, better airport navigation, rider promotions and mileage promotions. “We’re excited to partner with the only global […]
WASHINGTON – U.S. Transportation Secretary Anthony Foxx today announced President Obama’s $98.1 billion Fiscal Year 2017 Budget for the U.S. Department of Transportation (DOT). The Budget reflects Secretary Foxx’s ambitious 30-year vision for the Department to take the United States “Beyond Traffic”, towards a transportation network that matches the changing geography of where people live […]
Norfolk, Va. – Norfolk Southern Corporation (NYSE: NSC) (“the Company”) (“Norfolk Southern”) today announced further details of its strategic plan designed to streamline operations and drive profitability and growth. The Company’s projected expense reduction and disciplined cost control initiatives are in the categories of compensation and benefits, purchased services and rents, materials, and fuel. The […]
SAN FRANCISCO – General Motors and Lyft today announced a long-term strategic alliance to create an integrated network of on-demand autonomous vehicles in the U.S. GM will invest $500 million in Lyft to help the company continue the rapid growth of its successful ridesharing service. In addition, GM will hold a seat on the company’s […]
It sounds simple. When railroad crossing arms are down or the warning lights are flashing, drivers and pedestrians must wait for the passing train. But last year, Federal Railroad Administration statistics reveal 915 people nationwide were killed or injured trespassing on railroad property. Union Pacific Railroad this week launched a new campaign exclusively on social […]
DETROIT and LISLE, Ill., – General Motors Co. and Navistar have reached a long-term agreement to develop and assemble future medium-duty, conventional cab Class 4/5 commercial vehicles, allowing Navistar to strengthen its product lineup and GM to expand its Chevrolet commercial truck portfolio. “Bringing medium-duty conventional cab trucks back into the portfolio strengthens Chevrolet’s commitment […]
NEW YORK – Running an errand to a big box store or planning a weekend excursion are about to get easier for some Manhattan residents because of a car-sharing program revealed today by General Motors. It’s the company’s latest move to deliver urban mobility options to customers around the globe. Let’s Drive NYC is available […]
