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.
July 1, 2020Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
ASCE Report: COVID-19 Compounds Infrastructure Woes
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.
July 1, 2020Report: Boeing Fell Short in Disclosing Key Changes to Max
A government report says Boeing did not give regulators documents about changes it made in a key system blamed in two deadly crashes of its 737 Max jet, and that officials responsible for approving the plane did not know how powerfully the system could push the plane’s nose down.
July 1, 2020Tesla China Plant Might Have Come to the Rescue Last Quarter
Tesla Inc. endured a roughly seven-week shutdown of its most important car plant in the world last quarter, but its brand-new backup factory may have saved the day.
July 1, 2020Samsara Unveils AI Products to Predict, Prevent Accidents
Samsara, a fleet management software company, unveiled a suite of safety features that uses artificial intelligence to help prevent accidents, the company announced July 1.
July 1, 2020TuSimple Partners With Major Fleets to Launch Autonomous Freight Network
Self-driving truck developer TuSimple has partnered with four major transportation companies to launch a logistics network for its highly automated trucks, marking a new phase in its push to bring its technology to market in the coming years.
July 1, 2020Waymo Targets Southwest Freight Corridor for Autonomous Truck Tests
As it moves forward with autonomous truck development, Waymo plans to focus its 2020 testing efforts on the southwest shipping corridor that includes Texas, New Mexico, Arizona and California.
June 30, 2020Workhorse Valued at $1 Billion
Shares of Workhorse Group Inc., a maker of electric delivery vehicles, are surging as investors bet the Trump administration will want the company and a fellow Ohio-based affiliate to succeed.
June 30, 2020Hyliion Electrified Powertrain Underscores Larger Transition in Industry
Hyliion Inc.’s Class 8 long-range electric powertrain underscores the transition period of multiple alternative powertrains is at hand. And the powertrain, whose batteries are charged by an undersized natural gas engine, could prove to be an important step toward carbon-free over-the-road transportation, experts said.
June 30, 2020Tests Show Cylinder Deactivation Improves Next-Gen Engines, Jacobs Says
Jacobs Vehicle Systems’ cylinder deactivation technology delivered a “host of performance-enhancing benefits†in a recent independent validation, the company announced, including raising exhaust temperature and improving fuel consumption.
June 30, 2020Trending
Newsletter Signup
Subscribe to Transport Topics