FedEx Adjusted Net Income of $753 Million Reflects Improved Unit Results
FedEx Corp. reported net income, excluding one-time costs, of $753 million, or $2.66 per share, for its fiscal fourth quarter ending May 31 that included improved results at the Express, Ground and Freight units.
June 17, 2015TT Podcasts: RoadSigns
Volvo's Chayene de Souza and Magnus Gustafson discuss how new, connected trucks can boost business, enhance safety practices, and reinforce preventative maintenance plans.
Blumenauer: Congress 'Not Keeping Up Our End of the Bargain'
WASHINGTON — Rep. Earl Blumenauer (D-Ore.) called on colleagues to back legislation he introduced this year that would increase fuel taxes to pay for infrastructure projects during a House Ways and Means Committee hearing on June 17.
June 17, 2015White House, Republicans Lack Plan to Get Vote on Trade Bill
The Obama administration and Republican leaders don’t have a clear plan to resurrect the president’s trade agenda and are giving themselves until the end of July to find a way to overcome resistance from congressional Democrats.
June 16, 2015Con-way Names Dagnese to Head Freight Unit
Con-way Inc. said Joseph Dagnese has been named president of Con-way Freight, its largest unit, to replace Greg Lehmkuhl, who resigned.
June 16, 2015'We Have Six Weeks to Avoid This Crisis,' Sen. Harry Reid Says of Highway Funding Plan Expiration
WASHINGTON — The Senate's top Democrat on June 16 called on GOP congressional leaders to avoid passing a short-term highway funding extension and to pass a long-term bipartisan highway funding plan before transportation funding authority expires at the end of July.
June 16, 2015Eaton Names Craig Arnold President
Component manufacturer Eaton Corp. has announced that Craig Arnold will transition to chairman and CEO as part of a succession plan that is scheduled to conclude in June 2016.
June 16, 2015Navistar Adds Shaw Tracking to OnCommand Connection
Truck and engine maker Navistar Inc. has added Canadian telematics provider Shaw Tracking to its open-architecture remote diagnostics platform, OnCommand Connection.
June 16, 2015BNSF Expects Crude-by-Rail Volumes to Grow After Price Rebound
A 37% rebound in oil prices will boost crude-by-rail shipments as drillers complete more wells and extract more crude that U.S. pipelines don’t have the capacity to handle, Burlington Northern Santa Fe executive chairman Matthew Rose said June 15.
June 16, 2015World Facing Longest Oil Glut in at Least Three Decades
Oil supply has exceeded demand globally for the past five quarters, already the most enduring glut since the 1997 Asian economic crisis, International Energy Agency data show.
June 16, 2015High Court Won't Hear Volvo Subsidiary's Appeal of $72 Million EPA Fine
The U.S. Supreme Court on June 15 declined to hear an appeal brought by a Volvo Group subsidiary over a $72 million fine issued by the Environmental Protection Agency.
June 16, 2015