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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

GM Hires CEO Whitten for Troubled Cruise Robotaxi Service

General Motors on June 25 named a veteran technology executive with roots in the video game industry to steer its troubled robotaxi service Cruise.

June 25, 2024

Federal Regulators Hear Complaints About Predatory Towing

Trucking companies and towing service operators each got to air their grievances before federal regulators during a June 21 session on predatory towing practices.

June 25, 2024

What's That? Bill of Lading (BOL)

From a high level, a bill of lading is a required document to move a freight shipment. The bill of lading is legally binding and provides the driver and the carrier with all the details needed to process and invoice the freight shipment correctly.

June 25, 2024

Senators Introduce Anti-Trafficking Bill

Legislation designed to enhance the federal government’s efforts to combat human trafficking was recently introduced in the Senate.

June 25, 2024

Trackside Sensor Didn’t Catch Burning Rail Bearing in Ohio

EAST PALESTINE, Ohio — The NTSB confirmed that a trackside detector failed to detect accurate elevated temperatures in a railcar bearing that was on fire 20 miles away from where it derailed. 

June 25, 2024

Conn. Project to Revamp Congested Interchange Gains Traction

The second phase of a $500 million reconfiguration of interstates 91 and 691 in Connecticut commenced on a congested freight route two hours from Boston and New York.

June 25, 2024

Tesla Recalls Cybertrucks Twice in One Day

Tesla Inc. is recalling its Cybertruck model again over faulty windshield-wiper components and trim pieces that may come loose while driving.

June 25, 2024

Texas Logistics Company Ceases Operations

Humble, Texas-based U.S. Logistics Solutions told 2,000 employees that the company was ceasing operations and they would not receive paychecks.

June 25, 2024