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Merger speculation continues as CIOSCO says it is "contemplating a plan on a material event."
An informal poll of private carriers by Stifel's transportation group found that carriers have been able to push through contract price increases in the 4 to 8 percent range despite lower than expected demand.
AirNet was for sale after struggling to maintain business in the overnight express business.
The U.S. Coast Guard closed part of the Mississippi River Thursday after a collision between two ships caused oil to leak into the water.
State-owned China Railway Rolling Stock Corporation, the first Chinese railcar firm to win a major transit contract in the United States, will produce and assemble cars for the Boston, Mass. subway system.
The Federal Railroad Administration is seeking applications for $10 million in competitive grant funding available to states to improve highway-rail crossing safety.