Stamps.com Inc. shares surged Aug. 8 after the company raised the midpoint of its yearly forecast, easing some investors’ worst fears.
August 9, 2019Transportation Compliance News
Transport Topics government and regulatory coverage keeps managers of a highly-regulated industry aware of the policy decisions that can shape their businesses. Covering both the legislative and regulatory aspects of policy-making, at both the state and national levels, the news in this category includes looks at infrastructure, hours of service, emissions rules, funding measures, leadership appointments, and more. Readers can follow what’s happening in Congress, at the Department of Transportation and the Federal Motor Carrier Administration, and in state and local governments.
Government: Fitzgerald Now Owes $83 Million in Back Taxes
Attorneys for the U.S. Department of Justice have filed a counterclaim against Fitzgerald Truck Parts and Sales, adjusting the sum the glider truck maker owes the IRS to $83 million from $64 million for not collecting a 12% excise sales taxes on retail glider sales dating to 2012.
August 9, 2019Experts to Dissect Industry Trends, Insights at ATA Economic Summit
Experts in the fields of manufacturing, logistics and the petroleum industry are scheduled to participate in American Trucking Associations’ economic summit in September.
August 9, 2019Kansas DOT Reinstates Local Bridge Replacement Program
The Kansas Department of Transportation is reinstating a program meant to help replace and rehabilitate structurally deficient bridges in cities and counties.
August 9, 2019Core Producer-Price Index Posts First Drop in Two Years
A measure of underlying U.S. producer prices unexpectedly fell in July, with the first drop since early 2017 adding to signs of muted inflation that may reinforce the case for further Federal Reserve easing.
August 9, 2019Walmart Fights $54 Million Lawsuit Verdict Awarding Drivers Sleeper Berth Pay
A three-member panel of the Ninth U.S. Circuit Court of Appeals heard oral arguments Aug. 6 in an appeal by Walmart Transportation of a $54 million jury damage award in 2016.
August 8, 2019Chance of US Recession Rises to 35% Among Economists Surveyed
The likelihood of a U.S. recession in the next 12 months rose to 35% in an August survey of economists, from 31% forecast previously, as global trade tensions fuel economic uncertainty.
August 8, 2019US Rushes to Ready New China Duties as Companies Fret Pain
The Trump administration is rushing to finalize a list of $300 billion in Chinese imports it plans to hit with tariffs in a few weeks’ time, as U.S. companies make a last-ditch appeal to be spared from the latest round of duties.
August 8, 2019Oregon DOT Launches Education Campaign on Transportation Funding
The Oregon Department of Transportation on Aug. 6 launched Keep Oregon Connected to educate the public on transportation funding needs.
August 8, 2019Exxon Is Discouraging Witnesses in Climate Suit, N.Y. Says
New York accused Exxon Mobil Corp. of trying to discourage potential witnesses in a state lawsuit alleging the oil and gas company misled investors about the financial impact of climate change.
August 8, 2019Trending
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