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Average Age of Passenger Vehicles Hits Record High

Americans are keeping their cars longer than ever: The average age of a passenger vehicle on the road hit a record 12.5 years this year, according to data gathered by S&P Global Mobility.

May 15, 2023

White House Envoy Optimistic Port Talks to Produce Deal Soon

A tentative agreement covering longshore workers at the largest U.S. ports is within reach after a year of negotiations between the union and employers, according to Stephen Lyons.

May 15, 2023

Montana Reins In Third-Party Lawsuit Financiers

A new law on the books in Montana places restrictions on third-party groups that finance civil litigation, a development that was welcomed by motor carriers operating in the state.

May 15, 2023

Air Bag Manufacturer Refusing NHTSA’s Request to Recall

ARC Manufacturing could be heading for a legal battle with U.S. auto safety regulators after refusing a request that millions of potentially dangerous air bag inflators be recalled.

May 15, 2023

Regulators Announce Members of Truck Leasing Task Force

Federal regulators have appointed nine individuals to serve on a truck-leasing task force that is charged with evaluating lease agreements in the trucking industry.

May 15, 2023

Study Urges Excise Tax Repeal for Electric Trucking Takeoff

Repeal of the federal excise tax on heavy-duty commercial vehicles should be a key tool in the push to reduce trucking’s greenhouse gas emissions through electrification, a study says.

May 12, 2023

Chicago Suburbs Appeal Federal Approval of CPKC Rail Merger

A group of suburban Chicago communities is appealing the federal approval of the Canadian Pacific-Kansas City Southern merger that is expected to bring more freight trains to the area.

May 12, 2023

Commerce Department to Award Grants to Fund Tech Hubs

WASHINGTON — The Commerce Department is launching the application process for cities to receive a total of $500 million in grants to become technology hubs.

May 12, 2023

Consumer Long-Term Inflation Expectations Hit 12-Year High

U.S. long-term inflation expectations unexpectedly accelerated in early May to a 12-year high and consumer sentiment soured, reflecting growing concerns about the economic outlook.

May 12, 2023