Transport Topics
ASCE Report: COVID-19 Compounds Infrastructure Woes
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The COVID-19 pandemic is negatively impacting the nation’s already blighted infrastructure sectors, according to a recent status report from the American Society of Civil Engineers.
FedEx Posts Loss in Q4, Shows Improvement From Year Ago
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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.
Safety Groups, Teamsters Petition FMCSA to Reconsider HOS Final Rule
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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.
OPEC Cuts Output to Lowest Since 1991 as Virus Slams Oil Demand
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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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