Transport Topics
- OPEC Cuts Output to Lowest Since 1991 as Virus Slams Oil Demand
- Safety Groups, Teamsters Petition FMCSA to Reconsider HOS Final Rule
- FedEx Posts Loss in Q4, Shows Improvement From Year Ago
- ASCE Report: COVID-19 Compounds Infrastructure Woes
- House Clears Extension of Small Business Loan Program to August
- Louisiana Passes Legislation Aimed at Significant Tort Reform
- Tesla Beats Delivery Expectations, Sending Shares Surging
- House Infrastructure Bill Will Never Become Law, Rep. Sam Graves Says
- FAA Concludes Three Days of Test Flights of Boeing’s 737 Max
- US Unemployment Falls to 11.1%; Trucking Adds 8,000 Jobs
- House OKs $1.5 Trillion Infrastructure Plan That Impacts HOS, Insurance
- Is Density Related to COVID-19 Infection Rates? These Experts Say No
- Cargo Theft Likely to Increase Over July Fourth Holiday, Report Says
- Daimler CEO Warns of ‘Drastic’ Pay Cuts, Deeper Restructuring
- Manufacturing Bounces Back in June on Reopenings
- CARB Releases Proposal to Cut Future NOx, Particulate Matter Emissions
- House Climate Change Plan Tackles Heavy-Duty Equipment at Ports
- Commodity Freighters Are Shrugging Off COVID-19 — For Now
- CBO Trims GDP Forecast for 2020, Lifts 2021 Projection
Roadrunner Pares Losses for Full-Year 2017
Roadrunner Transportation Systems reported a net loss of $91.2 million for full-year 2017 compared with a loss of $360.3 million in 2016. The diluted loss per share was $2.37 for 2017 compared with a diluted loss per share of $9.40 for 2016.
Central Oregon Truck Increases Driver Pay
Central Oregon Truck Co. implemented a pay structure that gives new drivers $65,000 a year in base pay and experienced drivers more than $90,000 a year in pay.
UPS Says New Tax Law Creates ‘Whack-a-Mole’ Game
U.S. multinationals face a “tricky situation” in trying to plot a tax strategy around the new base erosion and anti-abuse tax (BEAT) in the 2017 U.S. tax law, a UPS official said.
Bayonne Bridge Rebuild 1 Year Ago Pays Dividends for Ports
One year after completing the nearly $1.7 billion task of raising the Bayonne Bridge to a height of 215 feet, the Port of New York and New Jersey said the project is resulting in larger ships calling on its ports and is contributing to record-setting cargo volume and economic activity.
May Class 8 Sales Climb 18.1%; Analysts Expected More
U.S. retail sales of Class 8 trucks in May topped 19,000 and were the fourth-highest in the past 26 months, WardsAuto.com reported. However, analysts said a severely challenged supply chain has stalled even higher sales and added to truck makers’ production-related expenses.
