Transport Topics
Stock Futures Tumble Despite Fed Interest Rate Cut to Near Zero
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U.S. stock futures tumbled, wiping out half of the furious last-hour rally March 13 and tripping exchange trading curbs, as investors worried that emergency measures by the Federal Reserve will fall short of cushioning the coronavirus’ blows to the economy.
Seven & i Scraps $22 Billion Plan for Marathon’s Speedway Gas Stations
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Seven & i Holdings Co. scrapped plans to acquire Marathon Petroleum Corp.’s Speedway gas stations for $22 billion, according to sources familiar with the matter, ending a deal that would have been among the world’s biggest this year.
Fired Driver's Civil Suit Against CBD Companies Set for Trial in October
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Doug Horn, who was fired from his driving job after testing positive for marijuana after using CBD oil, has sued the companies that produced, sold and distributed the CBD.
February Class 8 Orders Decline
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Class 8 orders dropped to 14,100 in February, ACT Research reported, citing preliminary results. In what typically is a weak month, fleets remained cautious amid challenging freight levels, overcapacity and the spreading coronavirus as a backdrop.
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