No matter your place on the political spectrum, it is undeniable passage of the Republican-led tax reform measure was a monumental feat. This week we highlight our favorite news items from Capitol Agenda in 2017.
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Capitol Agenda: The Best of 2017
Retailers Balance Post-Holiday Returns Between In-Store and 3PL Options
In November and December, online shoppers surfed their favorite websites and sent holiday gifts to the front doors of homes nationwide. In January, the last-mile supply chain shifts in reverse as Americans return the items they don’t like.
Transportation Secretary Elaine Chao Helps Kick Off New Dixie Highway Project in Louisville
Louisville, Ky., kicked off construction for the New Dixie Highway project Dec. 22 with an event featuring Secretary of Transportation Elaine Chao.
Greek Shipper Bets $1 Billion on Fuel Rule Upending World Trade
A Greek shipowner is predicting new rules for marine fuel will put thousands of the world’s merchant vessels out of business in the next two years, roiling global trade. In fact, he’s wagering $1.1 billion on it.
New Deal Sends Autonomous Caterpillar Trucks to Australia
Another fleet of mining trucks will join the growing ranks of machines operating autonomously using Caterpillar Inc. systems in Australia next year, reflecting the company’s push to cement industry partnerships with proprietary technology.
Analysis: FedEx’s Good News Could Get Big League
FedEx Corp.’s delivery truck is heading in the right direction, but the turbo-charge from Uncle Sam won’t hurt. The $65 billion company reported earnings after the close of trading on Dec. 20, besting analysts’ quarterly estimates and raising its full-year outlook.
Toll-Road Veteran Is N.J. Governor-Elect’s Pick for State Transportation Chief
New Jersey Governor-elect Phil Murphy chose a toll-road veteran to oversee transportation, charging her with fixing a commuter bus and rail system he called “a national disgrace.”
FedEx Profits Grow 11% in Fiscal 2Q, Beating Wall Street Forecasts
FedEx Corp. reported earnings of $2.84 per diluted share for its second fiscal quarter of 2018 ending Nov. 30, compared with the Bloomberg analyst forecast of $2.76 per diluted share. In last year’s fiscal second quarter FedEx reported earnings of $2.59 per diluted share.
Drone Tracking Plan Moves US Delivery by Air Closer to Reality
>Deliveries by drones took a step closer to being allowed in the U.S. after a federal advisory panel agreed on a framework for allowing law enforcement to routinely track the small devices.
Truck Tonnage Surges 7.6% in November
Truck tonnage surged 7.6% year-over-year in November after a 10.5% increase in October, according to American Trucking Associations.