Norfolk Southern’s Q4 profit fell 33% due to the ever-growing costs of the cleanup of last year’s derailment in eastern Ohio, but the railroad did deliver 3% more shipments in the quarter.
January 26, 2024Search
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Europe’s Diesel Supply Chain Threatened by High Freight Costs
A surge in shipping costs due to turmoil in the Red Sea is pressuring Europe’s diesel supply chain, contributing to a sharp jump in fuel prices.
January 26, 2024FMCSA Plans to Remove 15,000 Medical Examiner Certifications
Federal trucking regulators plan to disqualify more than 15,000 physicians responsible for certifying that truck drivers are healthy enough to get behind the wheel.
January 26, 2024Biden Freezes Approvals of New Licenses for LNG Exporters
The Biden administration on Jan. 26 halted the approval of new licenses to export U.S. liquefied natural gas — a moratorium likely to disrupt plans for billions of dollars in projects.
January 26, 2024Justice Department Inquiring Into Cruise Collision Fiasco
SAN FRANCISCO — General Motors is facing a U.S. Justice Department investigation into a collision that critically injured a pedestrian and derailed its self-driving car ambitions.
January 26, 2024Daily Fuel Tanker Costs Eclipse $100,000 for Some in Red Sea
Some oil tanker earnings have soared above $100,000 a day as the disruption of shipments through the Red Sea persists.
January 25, 2024USDOT Gives Truck Parking Projects $292 Million in Grants
Infrastructure projects aimed at expanding and improving truck drivers’ access to parking are receiving $292 million in federal funding, the U.S. Department of Transportation announced.
January 25, 2024Transportation Nominees on Senate’s To-Do List
Robin Hutcheson’s exit from the Federal Motor Carrier Safety Administration will add to a list of transportation nominations the Senate will be tasked to consider during an election year.
January 25, 2024Buttigieg Calls on Congress to Pass Rail Safety Bill
Secretary Pete Buttigieg recently pressed Congress to pass legislation that would strengthen rail safety policies.
January 25, 2024US Economy Grew at Strong 3.3% Rate to End 2023
WASHINGTON — The nation’s economy grew at a brisk 3.3% annual pace in Q4 as Americans showed a continued willingness to spend despite high interest rates and price levels.
January 25, 2024