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
Oil Price Falls into Bear Market Territory
NEW YORK - Brent crude oil futures on July 23 settled at their lowest price since April, and U.S. crude fell into bear market territory and ended below $49 a barrel for the first time since late March as persistent concerns about ample supply and shaky demand offset support from the dollar's weakness.
Self-Driving Trucks Worry Canadian Oil Field Drivers as Market Slumps
Truck driver Craig Huzulak is unemployed after losing his job four times since December - the new normal in a Canadian oil patch still reeling from a downturn.
FedEx Agrees to Buy $10 Billion of Boeing 767 Jet Freighters
FedEx Corp. agreed to buy 50 Boeing Co. 767 freighters with a list value of about $10 billion, the model's largest-ever order, as it upgrades the fleet at the FedEx Express unit.
Sales of Existing Homes Climb to Highest Level in 8 Years
Sales of previously owned U.S. homes climbed to an eight-year high in June as momentum in the residential real estate market accelerated.
Higher Rates Help Knight, Covenant Improve Profits
Two of the nation's largest truckload fleets raised second-quarter earnings with help from rate increases.
