Transport Topics
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FedEx Corp. net income rose 6% to $692 million, or $2.42 per share, for the fiscal first quarter ended Aug. 31, helped by stronger results at the Express unit and held back by slow-moving U.S. and world economic trends.
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In a letter to staff on Sept. 15, Scott Darling, the federal trucking regulatory agency's acting chief, outlined several priorities for the remainder of the year.
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Trade groups representing independent repair shops and parts distributors and one for truck and engine makers said they reached an agreement that will put fleets, truck owners and independent repair shops on a par with dealerships for the first time.
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Manufacturing in the New York region contracted in September for a second straight month, reflecting declining orders and employment.
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