The European Union reached a deal to effectively ban new combustion engine cars from 2035, a move that will reshape transportation and mark a significant step on the path to reduce carbon emissions.
October 27, 2022Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
US Economy Returned to Growth Last Quarter, Expanding 2.6%
The U.S. economy grew at a 2.6% annual rate from July through September, snapping two straight quarters of contraction and overcoming high inflation and interest rates just as voting begins in midterm elections in which the economy’s health has emerged as a paramount issue.
October 27, 2022Pump Prices Along the East Coast Are Rising on Gasoline Shortage
Gasoline shortages rippling across the East Coast are driving up pump prices from New York to Maine, potentially frustrating the Biden administration’s effort to rein in energy costs ahead of the election.
October 27, 2022NHTSA Plans Survey, Research to Find Out Why Drivers Speed
With continuing concerns about speeding on the nation’s highways, the National Highway Traffic Safety Administration plans to conduct a survey-research effort to ask 1,500 drivers with one or more recent speeding tickets why they speed — and why others with no violations don’t speed.
October 27, 2022Tesla Faces US Criminal Probe Around Self-Driving Claims
U.S. prosecutors are investigating whether Tesla Inc. made misleading claims about the capabilities of its Autopilot driver assistance system, according to a person familiar with the matter.
October 27, 2022Second Railroad Union Rejects Deal, Adding to Strike Worries
A second railroad union rejected its deal with the major U.S. freight railroads on Oct. 26, reflecting workers’ increasing frustration with the lack of paid sick time in the industry and adding to concerns about the possibility of a strike next month that could cripple the economy.
October 26, 2022PhilaPort Terminal Gets $20.3 Million Grant to Ease Truck Congestion
The Port of Philadelphia will have less truck congestion and more capacity thanks to a $20.3 million federal infrastructure grant award.
October 26, 2022The US Is Exporting Record Oil and Fuel Even as East Coast Faces Shortages
The U.S. exported a record amount of crude and fuel in mid-October, even as the East Coast grapples with shortages of both diesel and gasoline.
October 26, 2022Goods-Trade Deficit Widens for the First Time Since March
The U.S. merchandise-trade deficit widened in September for the first time in six months as imports grew and some exports plunged.
October 26, 2022EU, US Set Up Task Force to Resolve Electric Vehicle Feud
The U.S. and the European Union have set up a task force to resolve a dispute over electric vehicle batteries that the EU says would discriminate against manufacturers in the 27-nation bloc and break World Trade Organization rules.
October 26, 2022