Transportation: Page 416

Proposed Great Lakes Freight Line Official Predicts up to 85 Daily Trains

The project is being proposed to serve the six Class 1 railroads going through Chicago, though two have said they will not participate and none of the remaining four have said they would use the freight line if it was constructed.

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Department of Energy Grants $5 Million To Purdue University to Study Truck Platooning

Purdue University

Cummins, Peterbilt, ZF TMW and Peloton Technology will partner with Purdue University, the University of Arizona and the National Renewable Energy Laboratory (NREL) on the three-year project scheduled to start in March 2017.

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Is Rickmers Maritime the Next Container Shipper to Go Under?

The firm said it would not be able to pay an interest of S$4.26 million, which is due on Nov. 15, on a S$100 million ($71 million) bond that it has been trying to restructure.

Rickmers Maritime, a Singapore-listed trust that operates container ships, said it faces the risk of going out of business given the uncertain outcome of its discussions with bondholders and senior lenders about restructuring its debt.

Software Solutions

Koch Industries Seeks Minority Stake in ERP Provider Infor

Infor, one of the world’s largest suppliers of enterprise resource planning (ERP) software, helps companies automate their business processes and recently shifted its business model to software-as-a-service delivered over the cloud.

Korea Line Outbids Hyundai Merchant for Hanjin Assets

In a surprise decision, a Seoul court on Monday awarded Korea Line, a midsize bulk-shipping operator, the first right to purchase the assets of Hanjin’s Asia-U.S. route, as well as its stake in a California terminal.

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Trump's Infrastructure Plan is Getting Support, Except from Bond Market

President-elect Donald Trump has proposed a $1 trillion, 10-year infrastructure plan, which he touted during his victory speech.

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Deliveroo Drivers in UK to Fight 'Contractors' Label

As self-employed contractors, Deliveroo couriers are not entitled to the rights available to workers, including sick pay and the national living wage.

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Will CO2 Be Used in U.S. Refrigerated Transport?

Carrier Transicold

Refrigerated trailer manufacturers see potential for natrefs in onboard trucking in U.S. market.

The natural refrigerant CO2, also known as R-744, is non-ozone depleting.

Port of LA, Long Beach and Maersk Line Collaborate to Study Container Ship Emissions

Port of Los Angeles

“This is equivalent to strapping a Fitbit onto a large container ship,” Lee Kindberg, head of environmental efforts for Maersk Line, said in a statement.

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DOT Unveils National Alternative Fuel and Electric Charging Network

The federal government's new effort will help drivers find alternative fuels and vehicle charging stations nationwide.

The U.S. Department of Transportation is establishing a network of 55 alternative fueling and charging corridors for electric, natural gas, hydrogen, and propane fuel vehicles that spans 35 states and Washington, D.C., and 48 out of 55 routes will be designated as electric-vehicle charging corridors.

New Warehouse Construction, Lower Vacancies Continue to be Fueled by E-Commerce

E-commerce demand appears to be taking a bite out of the retail construction and shifting it to the logisitics sector, wit 53 million square feet of new logistics space delivered by developers in the third quarter was the second-highest quarter on record.

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China's Baidu Hopes to Raise $500 Million to Compete in Food Delivery

Using scooters to supply everything from Starbucks coffee to sliced sashimi, Waimai is in a pitched battle with rivals to sign up delivery men and convince restaurants to join its service.

Baidu’s takeout delivery business became a separate entity at the end of 2015 and a funding round earlier this year valued the business at $2.5 billion, Chairman Robin Li told investors on an earnings call in April.

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