U-Turn in Transportation Stocks Signals Recession Angst Overdone
Truckers, rail operators and airlines — the groups represented in the Dow Jones Transportation Average — have done a U-turn since slumping to a two-year low Jan. 20, three weeks before broader market indexes bottomed.
March 10, 2016FedEx Says Amazon Air Freighter Lease Was Expected
FedEx Corp. officials weren't surprised by the March 9 confirmation that e-commerce giant Amazon has agreed to lease 20 air freighters and buy a stake in Air Transport Services.
March 10, 2016UPS Adds 23 Overseas Locations to Express Package Service
UPS Inc. has expanded its worldwide express package service to 23 additional countries and territories, creating an earlier guaranteed-delivery option for customers in locations that previously had only end-of-day guarantees.
March 10, 2016Consumer Comfort Stays Within Narrow Range for 11th Week
Consumer confidence remained stable in the first week of March, with Americans growing a tad more upbeat about the economy even as their views of buying conditions eased.
March 10, 2016Jobless Claims Drop to Five-Month Low
Filings for U.S. unemployment benefits fell last week to the lowest level in five months as the number of firings remained consistent with a solid labor market.
March 10, 2016Trucking Provision Absent From Senate's FAA Reform Bill
WASHINGTON — A provision related to truck drivers that drew controversy in the House will not be part of an aviation reform bill that a Senate panel will consider March 16.
March 9, 2016XPO Becomes Logistics Manager for Trinity Health
XPO Logistics is expanding its presence in the health care industry by landing a contract as the third-party logistics provider for Trinity Health, the two companies said March 9.
March 9, 2016Lockheed Martin Unveils Cargo-Moving Blimp
Lockheed Martin Corp. gave the media a first look at its Hybrid Airship prototype at the defense giant's Skunk Works facility in Palmdale, California, on March 9.
March 9, 2016Federal Investigators Release Summary of Material Collected in Pilot Flying J Probe
Federal investigators have amassed voluminous electronic and paper documents and 200 hours of recorded conversations between confidential sources and a number of individuals during the course of their criminal investigation of alleged rebate fraud at Pilot Travel Centers.
March 9, 2016Amazon to Lease 20 Boeing 767 Freighters for Deliveries
Amazon.com Inc. will lease 20 Boeing 767 freighter aircraft, lessor Air Transport Services Group Inc. said on March 9, as the online retailer moves closer to setting up its own air delivery network.
March 9, 2016