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The Biden administration is launching a multifaceted program in partnership with industry that aims to expand recruiting efforts in trucking through various efforts, and elevate the appeal of what one senior administration official described as “well-paying, solid careers.”

The American consumer has held strong since last year’s COVID-driven spending pause, as their purchases helped power the global economic recovery. But that momentum may be fading as the holiday season approaches.

Carmakers including Volkswagen AG and General Motors Co. should brace for the global semiconductor shortage to last beyond next year and redesign cars so they need fewer of the high-tech components, consultancy Roland Berger said.

To continue its push to alleviate freight bottlenecks nationwide, the U.S. Department of Transportation announced a series of grants for commercial maritime operations and freight hubs along key parts of the supply chain.

A railroad merger nearly derailed this year by a bidding war is moving forward ahead of a final say from regulators on Canadian Pacific’s $31 billion acquisition of Kansas City Southern railroad.

Legislation targeting staged vehicle collisions and fraudulent claims affecting the motor carrier industry was recently introduced in the U.S. House of Representatives.

WASHINGTON — Under Chair Jerome Powell, the Federal Reserve is poised this week to execute a sharp turn toward tighter interest rate policies with inflation accelerating and unemployment falling faster than expected.

Near-shoring is one of the biggest economic transformations sparked by the pandemic: Shrink the length of the supply chain to keep production closer to its final destination and reduce the risk of some snag messing things up along the way.

WASHINGTON — Prices at the wholesale level surged by a record 9.6% in November from a year earlier, an indication of ongoing inflation pressures.