Industry Headlines: May 11-15, 2015

Posted by IronPlanet on May 15, 2015 9:06:00 AM

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This week in interesting industry headlines:

Amtrak Crash and America's Declining Construction Spending [The New York Times]

"One of the reasons that American trains should not travel 100 miles and hour in many places in that the state of our rail system-- like the state of our bridges, highways and airports-- is not good." Read more

Revenue for U.S. Trucking Companies Reaches Record $700 Billion [Wall Street Journal]

"A shortage of drivers and persistently low fuel charges are driving greenbacks to the pockets of trucking companies, as the industry reported a record $700.4 billion in revenue in 2014." Read more

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U.S. Agrigulture Predicted to Create Thousands of Jobs in Next Five Years

"The jobs reflect a need for a highly skilled workforce to support the industries amid projections of a world population that is expected to grow to 9 billion by 2050, noted Sonny Ramaswamy, director of the US Department of Agriculture's National Institute of Food and Agriculture (NIFA)." Read more

Move over, Hawaii: California has the highest U.S. gas prices [MarketWatch] 

"California has had the most expensive gas in the nation for 75 out of the previous 76 days starting in late February, travel and leisure group AAA said Tuesday." Read more

China, Russia Prepare $2 Billion Agricultural Investment Fund [Wall Street Journal]

"The move broadens China’s search for a diverse global breadbasket to supply its sharply rising demand for food. It marks a sharper pivot toward Russia and accelerates a drive that has seen the Asian giant spend billions of dollars to acquire food-producing companies abroad as well as cultivate farming producers like Argentina and Ukraine." Read more

 

Topics: Industry Headlines