Category: Trucking News

UPDATE 1-Democratic lawmakers question FAA decisions on Boeing safety issues

The issues involve the 737 MAX rudder cable and lightning protection for fuel tanks on the 787 Dreamliner. Representative Peter DeFazio, who chairs the House of Representatives Transportation and Infrastructure Committee, and Representative Rick Larsen, who chairs the aviation subcommittee, said in a letter to FAA Administrator Steve Dickson that FAA management ultimately overruled the technical specialists after Boeing objected....

RLJ Lodging: 3Q Earnings Snapshot

BETHESDA, Md. (AP) _ RLJ Lodging Trust (RLJ) on Thursday reported a key measure of profitability in its third quarter. The results topped Wall Street expectations. The real estate investment trust, based in Bethesda, Maryland, said it had funds from operations of $79.2 million, or 46 cents per share, in the period....

RPT-Australia's CBA selling first bond not referencing LIBOR-equivalent rate

Australia's Commonwealth Bank is planning to sell A$1 billion ($687.20 million) worth of residential mortgage bonds in the country's first public deal that will not use the local LIBOR-equivalent benchmark, the bank bill swap (BBSW) rate. Bond coupons, or interest rates around world financial markets are priced relative to surveyed inter-bank lending rates such as the London Interbank Offered Rate (Libor), a benchmark embedded in as much as $340 trillion financial contracts worldwide. The Australian corporate regulator in 2014 implemented changes to the BBSW methodology that require it to be based on actual transactions and not a survey....