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
FedEx Profits Up 3.7%, Earnings Forecast Misses Mark
FedEx Corp. reported that profits rose 11% year-over-year on higher revenue due to a rate hike last autumn, but lower operating income companywide due to higher fuel costs, one fewer operating day at FedEx Express and FedEx Ground, and higher costs to expand the Ground network.
New-Home Sales Climb to Seven-Month High in February
Purchases of new homes increased in February to a seven-month high, indicating the effects of the recent rise in borrowing costs on the U.S. residential real estate market have been modest.
CEO Pay at Norfolk Southern Rises to $8.42 Million
James Squires, chairman, president and CEO of Norfolk Southern, saw the value of his 2016 pay package rise about 5.4%, to $8.42 million from $7.98 million a year earlier, according to documents filed with the Securities and Exchange Commission.
Oil Trades Near $48 as Investors Await Upcoming Producer Talks
Oil was little changed before a meeting between OPEC and its allies that may signal the outlook for extending their output curbs.
Orders for Durable Goods Increase More Than Forecast
Orders for U.S. durable goods increased more than forecast in February, a sign companies are confident about the outlook for the economy.
