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
UPS First-Quarter Results Improve, But Company Might Face $3.5 Billion Pension Charge
Parcel and logistics company UPS Inc. posted first-quarter increases in revenue and net income despite the mixed economic situation - nationally and internationally - and also acknowledged it might have to take a charge against earnings of about $3.5 billion related to a pension issue.
Spending Rises Less Than Forecast as Americans Boost Savings
Consumer spending rose less than forecast in March, wrapping up the weakest quarter in a year for the biggest part of the U.S. economy even as incomes accelerated.
Paccar Opens New Parts Distribution Center in Washington
Paccar Parts, a unit of Paccar Inc., said it opened a new 160,000 square-foot parts distribution center in Renton, Washington, that is almost three times the capacity of its predecessor built in 1973. It will service dealers in the Northwestern U.S. and Western Canada.
Consumer Sentiment Declines to Seven-Month Low in April
Consumer confidence fell to a seven-month low in April as Americans' expectations about economic growth dropped to the lowest point since September 2014.
Roadrunner Adds Outbound Vancouver Services
Roadrunner Transportation Systems Inc. announced it has added outbound less-than-truckload service from Vancouver, British Columbia, in response to growing trade moving through the region.
