21 Sep House Passes Debt Limit Suspension, Sets Up Standoff in Senate The Democratic-controlled House passed a bill that would suspend the U.S. debt ceiling into December 2022 and provide the government funding to operate past Sept. 30. Republicans have vowed to block it when it reaches the Senate over the debt limit provision. Read more...
21 Sep FedEx Revenue Rises, but Higher Labor Costs Affect Bottom Line FedEx Corp. reported an increase in revenue for its fiscal first quarter, but said rising costs affected bottom-line results for the period. Read more...
21 Sep House Democrats Risk Rift by Teeing Up Infrastructure Vote First House Democratic leaders plan a Sept. 27 vote on the Senate-passed infrastructure bill, a move that risks deepening divisions in their caucus and dooming President Joe Biden’s economic agenda. Read more...
21 Sep Bendix AD-HFi Air Dryer Available to Order Bendix Commercial Vehicle Systems announced its new Bendix AD-HFi air dryer is available for order through several major North American commercial vehicle manufacturers. Read more...
21 Sep August Truck Tonnage Posts First Monthly Gain Since March Truck tonnage in August notched its first sequential monthly gain in five months, and dipped just slightly on a year-over-year basis, American Trucking Associations said. Read more...
21 Sep Trimble Adds Maintenance Software Integration Trimble Transportation announced new integrations for its TMT Fleet Maintenance software. Read more...
21 Sep OPEC+ Can Proceed With Reviving Supply, Key Members Say OPEC and its allies can likely continue reviving oil production, two key Middle East members said as the group prepares to consider its next supply hike. Read more...
21 Sep ConocoPhillips Says Shell Deal Cuts Emissions Per Barrel of Oil ConocoPhillips’ $9.5 billion deal to buy shale assets from Royal Dutch Shell Plc will boost oil production and, inevitably, greenhouse gas emissions as well. Yet the company says the pact will actually allow it to reach one of its climate goals faster. Read more...
21 Sep Stellantis Loses Former FCA CEO Manley to AutoNation MILAN — PSA Peugeot’s takeover of Fiat Chrysler to form the world’s fourth-largest carmaker has had its first executive casualty, with former Fiat Chrysler CEO Mike Manley stepping down from his role as head of the Americas. Read more...
21 Sep Maersk Is Heading for Biggest Profit in Danish History A.P. Moller-Maersk A/S is heading for a full-year profit that will match its combined results from the past nine years and make business history in its home country, Denmark. Read more...