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
Sinking Shipping Industry Eyeing Mergers to Stay Afloat
The global shipping industry is in the midst of a huge downturn, with weak demand engulfing it for the past few years. Experts acknowledge that the sector's biggest hurdle is overcapacity, but the wave of mergers and acquisitions means the hard times will pass eventually.
Old Dominion Freight Line Reports Mixed Fourth-Quarter Interim Results in SEC Filing
Old Dominion Freight Line Inc. reported less-than-truckload shipments dropped in November 2016 compared with the year prior, but revenue was up overall, according to a Dec. 2 filing with the U.S. Securities and Exchange Commission.
ARTBA: Transportation Construction Market to See Modest Growth
Increases next year in private highway and bridge construction activity across residential and commercial developments will help transportation construction to grow by 1.3%, a leading transportation economist indicated Dec. 2.
Teamsters Question Proposed New Stock Compensation Cap at XPO Logistics
The International Brotherhood of Teamsters is concerned about a proposed change at XPO Logistics that would increase the maximum number of shares it can issue as compensation 400%, from 500,000 shares to 2.5 million, the union wrote in a Dec. 1 letter to the company's board of directors.
North Carolina Lawmakers Woo Total Quality Logistics With Incentives to Hire
Lawmakers in High Point, North Carolina, are wooing Total Quality Logistics into their city, voting Nov. 21 to offer $70,000 of performance-based incentives if the company were to open an office and hire 70 employees over five years.
