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Net income at Canadian Pacific Railway increased 5 percent to $390 million Canadian in second quarter 2015 compared to second quarter 2014, according to the company’s most recent financial statements.
The state-owned ports of Piraeus and Thessaloniki are potential targets for privatization in a new bailout deal with the European Union, according to reports from Reuters and Maritime Executive.
The Port of New York and New Jersey attributed the increase in throughput primarily to the rerouting of West Coast cargo and an improving economy.
Meanwhile, drayage drivers at Pacific 9 Transportation continue their strike in an attempt to be reclassified as employee drivers.
The future of the Export-Import Bank is still in doubt because it depends on passage of a long-term transportation bill that is expected to pass the Senate, but which faces strong opposition in the House.
Roadrunner's CEO Mark DiBlasi said the purchase of Stagecoach Cartage will expand its trucking network in the Southwest U.S. and along the Mexican border.