Transport Topics
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FedEx said its fourth-quarter net income was a loss of $334 million, or negative $1.28 a share, compared with a loss of $1.97 billion, or negative $7.56 a share, in the 2019 period.
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A group of safety organizations and the International Brotherhood of Teamsters have filed a petition for the Federal Motor Carrier Safety Administration to reconsider the final rule on changes to hours-of-service regulations soon to take effect.
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OPEC slashed oil production to the lowest level since the Gulf War in 1991, as it escalated efforts to revive global markets just as a resurgence of the coronavirus is threatening demand again.
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The cost of moving commodities like coal and iron ore across the world’s oceans is surging as China lifts cargo purchases. Whether the rally will withstand the economic aftershocks of the coronavirus is a thornier question.
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