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GovernmentSafetyLogistics

Hill Democrats Urge Action on Rail Safety Legislation

Congressional Democrats on the transportation committees are pressing for approval of rail safety legislation after an investigation of a high-profile freight train derailment in Ohio.

June 27, 2024
BusinessLogisticsPrivateGlobal Freight

Amazon Plans Discount Web Store to Counter Upstarts

Amazon.com Inc. plans to launch an online storefront for low-priced apparel and home goods, the company’s biggest move to date to counter the rise of discount upstarts like Temu and Shein.

June 26, 2024
GovernmentBusinessFuel

Volvo EV Deliveries to US Delayed by Higher Tariffs on China

Volvo Cars will postpone U.S. shipments of its best-selling electric car model as it shifts production from China in the wake of tariff hikes.

June 26, 2024
BusinessTechnologyEquipment

VTNA: US Class 8 Retail Sales Running Below Expectations

DUBLIN, Va. — U.S. Class 8 retail truck sales paced a bit below expectations through May and are now expected to total 260,000 to 270,000 in 2024, according to VTNA executive Magnus Koeck.

June 26, 2024
BusinessFuel

Circle K Owner Names New CEO as Fuel Sales Drag on Earnings

Alimentation Couche-Tard Inc., Canada’s most valuable retailer, tapped Chief Operating Officer Alex Miller to take over as CEO as the company explores more merger and acquisition deals.

June 26, 2024
BusinessFuel

Shale Executives See Takeovers Squeezing US Oil Production

U.S. oil production will decline if the corporate-acquisition spree sweeping the shale sector is prolonged, according to a Federal Reserve Bank of Dallas survey.

June 26, 2024
GovernmentBusinessSafety

Vinn White Named FMCSA’s New Acting Leader

Vinn White, who already leads the Department of Transportation’s artificial intelligence effort, has been named acting leader of the Federal Motor Carrier Safety Administration.

June 26, 2024
GovernmentBusinessSafetyLogistics

NTSB Chair Says Norfolk Southern Botched Vent-and-Burn Call

EAST PALESTINE, Ohio — The head of the National Transportation Safety Board said Norfolk Southern tried to interfere with the agency’s investigation into the East Palestine derailment.

June 26, 2024
GovernmentBusinessLogistics

Industries Fearing a Port Strike Urge Biden to Revive Talks

Dozens of U.S. industry associations urged the White House to help restart talks between East and Gulf coast dockworkers and port operators, saying a strike is the last thing the economy needs.

June 26, 2024
BusinessLogisticsFor-Hire

FedEx’s Strong Profit Forecast Drives Stock Surge

FedEx Corp. forecast profit above Wall Street’s expectations and said it would buy back $2.5 billion of its stock over the next year.

June 26, 2024