Transport Topics
Omnibus Adds Requirements to HOS Restart Study
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A fiscal 2016 funding bill would direct federal trucking regulators to expand a review of a suspended hours-of-service restart rule for motor carriers before that rule may be reinstated.
FedEx Fiscal Second-Quarter Net Income Increases
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FedEx Corp. net income in the second quarter of its 2016 fiscal year rose 4% to $693 million, or $2.44 per share, including one-time effects, driven by 26% higher profits at Express and 13% better results at its Ground unit.
Crude Falls Below $35 per Barrel in New York for First Time Since 2009
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Oil fell below $35 a barrel in New York for the first time since 2009 as Iran reiterated its pledge to boost crude exports, bolstering speculation OPEC members will exacerbate the global oversupply.
Natural Gas Slumps to 10-Year Low as Forecasts Keep Getting Warmer
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Record warmth sent U.S. natural gas prices tumbling to a 10-year low as December appeared to be a bust for bulls.
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