NEW YORK — CSX Corp., the nation’s third-largest railroad, said Tuesday the economy improved modestly in the fourth-quarter, but its shipping volume dropped from a year ago as demand for coal to produce electricity remained weak.
COLUMBIA, S.C. — Navistar Inc. has acquired from Holley Performance Products Inc. rights to some of Holley’s valve technology for diesel engine exhaust-gas recirculation systems. Pure Power Technologies LLC, a Navistar company, will manufacture the advanced EGR valve at its Blythewood, S.C., plant.
ANN ARBOR, Mich. — Con-way Freight has launched a major network re-engineering that will cut transit times by one day to 460 U.S. destinations, while decreasing the company’s carbon footprint, the less-than-truckload carrier reports. The initiative is also designed to reduce re-handling and service exceptions and improve on-time delivery. Major lanes affected include those between Southern Texas and the Northeast, Chicago and Southern Florida, and Chicago and Southern Texas.
TOKYO — The head of the IMF said China and other developing Asian economies are leading a global recovery that is faster and stronger than expected, but warned that money rushing into emerging markets could lead to asset bubbles.
DALLAS — S. Russell Stubbs has been promoted to president of Frozen Food Express Industries Inc., and FFE Transportation Services Inc., FFE said Friday. Additionally, John T. Hickerson has been promoted to executive vice president and chief operating officer reporting directly to Russell.