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 Tender Offer for TNT Extended to Allow More Regulatory Review Time
FedEx Corp. and TNT Express NV said the tender offer for the Dutch package and express company's shares has been extended until Jan. 8 to allow more time for completion of regulatory reviews in countries such as China and Brazil.
National Diesel Average Falls 1.3¢ to $2.485
The average price of diesel fuel in the United States declined 1.3 cents a gallon to $2.485, the third consecutive weekly decline, the Department of Energy reported Nov. 2.
Consumer Spending Rises Little in September
Household spending rose less than forecast in September, showing the biggest part of the U.S. economy ended a strong quarter on a weak note.
Consumer Sentiment Rises Less Than Expected in October
Consumer sentiment rose less than forecast in October as Americans viewed buying conditions as less favorable than they did earlier in the month.
ArcBest Third-Quarter Net Income Slips 2.4%
ArcBest Corp.'s net income fell 2.4% to $19.2 million, or 72 cents per share, despite improved results at most businesses.
