14 Feb Oil Rallies for Fourth Day as Virus Fears Show Signs of Easing Oil gained for a fourth session, the longest rising streak this year, amid signs that the worst impacts of the coronavirus outbreak may be easing. Read more...
14 Feb Kansas Leaders Announce New Transportation Plan Kansas Gov. Laura Kelly and Secretary of Transportation Julie Lorenz recently unveiled a new statewide transportation plan. Read more...
13 Feb Airbus Presses Boeing Rivalry With Jet Deal, Production Ramp-Up Airbus SE pledged to churn out more aircraft than ever and consolidated its ownership of the A220 jetliner, pressing home its advantage over Boeing Co. and its grounded 737 Max in the growing narrow-body market. Read more...
13 Feb Dana Q4 Profits Dip, but Revenue Grows Vehicle component manufacturer Dana Inc. reported a slight increase in revenue but a dip in profits for the fourth quarter as higher interest expenses and a slide in demand for heavy-duty trucks chipped into its earnings. Read more...
13 Feb Ryder Posts Earnings Loss, Record Revenue in Q4 Ryder System Inc. reported record fourth-quarter revenue and a loss in earnings due to previously announced expenses. Read more...
13 Feb Tesla Offers $2B in Added Shares, Stock Goes Up Despite Dilution Shares of Tesla rose about 1.5% in trading the morning of Feb. 13 after the electric vehicle and solar panel maker said it would sell over $2 billion worth of additional shares. Read more...
13 Feb Rush Reports Q4 Declines, Record Annual Revenue Commercial vehicle dealership Rush Enterprises Inc. reported declines in fourth-quarter net income and revenue amid a falloff in Class 8 sales, but on an annual basis, achieved record revenue of nearly $6 billion plus increased profits. Read more...
13 Feb Trucking Stakeholders Question CARB’s Zero-Emissions Plan A plan by California environmental regulators to get zero-emissions vehicles on the road as soon as possible is getting pushback from truckers and other concerned industry stakeholders. Read more...
13 Feb Coronavirus Is Wreaking Havoc on Global Mail Delivery In a world dominated by email and smartphones, the shipping industry still relies heavily on paper documents delivered by courier. With people unable or unwilling to travel to China because of the coronavirus, that dependence is wreaking havoc on commodities traders. Read more...
13 Feb Energy Agency: Virus to Cause First Oil Demand Decline in Decade The International Energy Agency expects demand for oil to fall in the first quarter as a result of the virus outbreak that emanated in China. Any fall would represent the first quarterly decline in a decade. Read more...