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Wall Street analysts offered overall positive initial reactions to the Dec. 19 news that FedEx Corp. plans to by 2026 spin off its LTL division into a separate, publicly traded company.

The Port of Long Beach achieved its busiest November ever by increasing to 884,154 containers from 731,033 last year. This surpasses the previous record for the month set in November 2020.

HARRISBURG, Pa. — Thirty rail freight improvement projects are slated to share $55 million as part of efforts by Gov. Josh Shapiro’s administration to boost infrastructure and economic growth.

Starting in January, toll rates on roads in Ohio, Oklahoma, Pennsylvania, New Jersey and New York are set to rise.Ìý

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The Memphis, Tenn.-based transportation services company on Dec. 19 reported net income of $740 million, or $3.03 a diluted share, for the three months ending Nov. 30.

President Joe Biden recently signed into law Congress’ annual defense policy bill, which includes trucking-centric provisions.

FedEx Corp. on Dec. 19 announced its intent to spin off its FedEx Freight unit into a separate company, creating the largest publicly traded LTL carrier in North America in the process.

The Teamsters said the workers, who voted to authorize strikes in recent days, joined picket lines after Amazon ignored a Dec. 15 deadline the union set for contract negotiations.

Legislation designed to facilitate commercial drivers’ applications for security credentials was recently cleared by Congress for President Joe Biden’s desk.

The Port of Los Angeles is set for its busiest December on record, and the Port of Long Beach is on track to have its best-ever year after the hubs handled an early and sustained peak season.