Transport Topics
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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.
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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.
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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.
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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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