The Biden administration ordered carmakers to increase their average fuel economy to about 49 mpg by 2026, in an ambitious effort to make up for progress stalled when President Donald Trump rolled back the efficiency program.
April 1, 2022Search
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US Added 431,000 Jobs in March in Sign of Economic Health
America’s employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy’s resilience in the face of a still-destructive pandemic and the highest inflation in 40 years.
April 1, 2022Rising Fuel Costs Slow Spot Rate Descent
The rise in fuel prices is slowing a decline in spot rates while also potentially suppressing base revenue for some carriers, experts said.
March 31, 2022Port Leaders Say They're Ready to Spend Infrastructure Funds
With the largest infusion of direct federal infrastructure spending set to begin, port leaders from around the country say they’re ready to begin rebuilding and upgrading their facilities to keep up with a record number of cargo containers moving through ports.
March 31, 2022Congressional Negotiations Ramp Up on Supply Chain, Semiconductor Package
WASHINGTON — Recent passage in the U.S. Senate of comprehensive legislation aimed at boosting domestic manufacturing of semiconductors is helping to set in motion formal negotiations with House lawmakers.
March 31, 2022Georgia Passes Bill Allowing Fair Apportionment of Fault Damages
Legislation that unanimously passed the Georgia Senate on March 30 will allow a defendant in civil litigation to apportion monetary damages to another party that shared fault in the case, but who was not named in the lawsuit.
March 31, 2022DeJoy Says He’s Been Cleared in Federal Probe
WASHINGTON — Postmaster General Louis DeJoy said March 31 that the Justice Department has closed without criminal charges an investigation into political fundraising activity at his former business.
March 31, 2022House GOP Presses Oversight on Infrastructure Affairs
WASHINGTON — With a new $1 trillion infrastructure law potentially facilitating the distribution of billions of dollars in extra funding for infrastructure projects over the coming years, Republican leaders on the transportation panel in the U.S. House intend to push the Biden administration for input on the law’s implementation.
March 31, 2022White House Urges Ports to Work With Local Leaders to Secure Funding
WASHINGTON — Top White House executives urged port leaders to collaborate with their elected leaders and focus on projects that align with Biden administration goals as they strive to access a share of $1.2 trillion in federal infrastructure funds.
March 31, 2022OPEC Sticks to Modest Boost in Oil Despite War Jitters
LONDON — OPEC and allied oil producers including Russia decided March 31 to stick to a modest increase in the amount of crude they pump to the world, a step that supports higher prices even as the Biden administration plans to try to lower them by releasing oil from strategic reserves.
March 31, 2022