$139M drug bust exposes broker-style cross-border trucking operation

Canadian and U.S. agencies uncovered a broker-style operation using commercial transportation connections to move illegal drugs. Canadian authorities seized nearly 1.7 metric tons of illegal drugs during a cross-border investigation named Project Bay. The haul included suspected cocaine, methamphetamine and opium. Authorities estimated the products’ street value above $139 million. Investigators called it one of […]

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Street flip: Intermodal rail charges ahead in latest data

Intermodal traffic outpaced carload freight in the latest weekly data from U.S. railroads. The Association of American Railroads said rail freight for the week ending July 18 was 523,900 carloads and intermodal units, up 3.4% compared with the same week last year. Carloads totaled 226,883 units, off 1.2%, while intermodal volume of  297,017 containers and […]

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First look: CSX earnings

CSX Corp. (NASDAQ: CSX) reported second-quarter 2026 earnings after the market close on Wednesday, delivering a solid performance that exceeded Wall Street expectations on both revenue and earnings per share.  The Class I railroad based in Jacksonville, Fla., posted revenue of $3.94 billion, up 10.1% year-over-year, while GAAP earnings per share came in at $0.54, […]

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