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Global Supply Lines Brace for Economic Storm to Widen

Global supply strains that started to ease in early 2022 are worsening again as headwinds strengthen from the war in Ukraine and China’s COVID lockdowns, threatening slower growth and faster inflation across the global economy.

March 29, 2022

FMCSA Drops Two CDL Streamlining Proposals

Federal trucking regulators have withdrawn two proposals intended to streamline credentialing and testing processes for aspiring truck drivers to obtain their commercial driver licenses.

March 28, 2022

A World That’s More Expensive Begins to Reduce Demand

Prices for some of the world’s most pivotal products — foods, fuels, plastics, metals — are spiking beyond what many buyers can afford. That’s forcing consumers to cut back and, if the trend grows, may tip economies already buffeted by pandemic and war back into recession.

March 28, 2022

Biden Pitches $5.8 Trillion Plan With Record Tax Hike

President Joe Biden’s budget release on March 28 is shaping up as a direct appeal to moderate Democrats, emphasizing deficit reduction and flexibility on social spending as the White House hopes to win support for new legislation before November’s midterm elections.

March 28, 2022

US Considers New Oil Release From Strategic Reserve

The U.S. is considering another release of oil from its emergency reserves as prices continue to surge after Russia’s invasion of Ukraine, people familiar with the matter said March 25.

March 25, 2022

Warren Says Ocean Freight Alliances Add to Inflation

Sen. Elizabeth Warren (D-Mass.) blamed rising U.S. inflation in part on the largest ocean shipping companies, calling “the anti-competitive nature” of the industry the root cause of soaring prices to transport goods around the global economy.

March 25, 2022

Economic Changes Drive a New Trucking Environment, Panelists Say

The trucking industry is starting to normalize as the coronavirus pandemic loses its grasp on the economy, a panel of experts said March 23.

March 24, 2022

Four States Sign Pact to Develop Hydrogen Hub

New York, New Jersey, Massachusetts and Connecticut agreed to work with about 40 clean power companies, utilities and universities to create plans for a regional hydrogen hub as part of a push to curb greenhouse gas emissions.

March 24, 2022

White House to Seek Infrastructure, Freight Boost in FY23 Budget

WASHINGTON — The Biden White House intends to seek a boost in funding for infrastructure programs and freight-related grants in its upcoming budget request to Congress.

March 24, 2022