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FedEx Misses Earnings Expectation for Fiscal Q2

FedEx Corp. reported it missed analyst expectations for income and revenue when the package delivery giant announced second-quarter fiscal 2024 earnings Dec. 19.

December 20, 2023

LNG Shipping Rates Dip on Lower Demand Despite Red Sea Chaos

It’s getting cheaper — at least for now — to rent a liquefied natural gas tanker despite turmoil in the Red Sea that is forcing some vessels to take longer and more costly routes.

December 20, 2023

Transportation Agency Leaders Promote Safety at Hearing

Agency administrators at the U.S. Department of Transportation outlined safety directives and proposals during a recent congressional hearing.

December 20, 2023

California Pollution Rule Aimed at Logistics Upheld by Judge

A judge has denied a challenge to the South Coast Air Quality Management District's landmark rule intended to clear Southern California skies of exhaust tied to the logistics industry.

December 20, 2023

Research Shows Tesla’s Autopilot Tech Fix May Also Be Flawed

Tesla’s recall of more than 2 million of its vehicles — an effort to have drivers who use Autopilot pay closer attention to the road — relies on tech that research shows may not work as intended.

December 20, 2023

Toyota Unit Daihatsu Suspends Shipments Over Safety Cheating

Toyota Motor Corp. said Dec. 20 its subsidiary Daihatsu will suspend shipments of all its vehicles in a safety scandal after an investigation found improper testing involving 64 models.

December 20, 2023

C.H. Robinson’s CEO Sees Freight Rebound in Second Half of 2024

C.H. Robinson Worldwide expects the freight recession will linger into next year, but sees a recovery taking hold in the second half of 2024.

December 20, 2023

ATRI: California’s Zero-Emission Goal Comes at High Cost

California’s race to have near-total-zero-emission passenger vehicles and heavy trucks will result in a greater need for electricity at higher prices, an ATRI report says.

December 19, 2023

Tesla Analysts Eyeing EV Slowdown Turn More Cautious on 2024

Wall Street’s outlook on Tesla Inc. is darkening rapidly, with at least two analysts turning more cautious on the electric vehicle maker in as many days.

December 19, 2023

Red Sea Chaos Has Shippers Bracing for Weeks Without Route

The global shipping industry is bracing for the prospect of living without its most important trade route for weeks.

December 19, 2023