A group of Democratic and Republican U.S. House members that is trying to keep alive the hope of a bipartisan infrastructure package said late June 8 agreement had been reached on $761.8 billion in new spending over eight years.
June 9, 2021Search
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TT's Seth Clevenger and Mike Senatore unpack the trends, surprises and shake-ups that define this year's Top 100 for-hire carriers..
Biden Will Need More Than $52 Billion for Chip Effort, Analysts Say
President Joe Biden’s blueprint for the U.S. semiconductor industry marks an ambitious effort to set industrial policy for a critical sector of the economy, but the strategy will need more money and global support to take back chip supremacy and pre-empt a rival effort from China.
June 9, 2021Biden-Capito Infrastructure Talks End With No Deal
President Joe Biden ended talks with Republican Sen.Shelley Moore Capito on an infrastructure plan without a deal, after failing to reach agreement on the scope of spending or how to pay for it.
June 8, 2021Lordstown Motors Reveals Cash Crisis
Lordstown Motors Inc., an electric-vehicle startup that recently went public, said it may not have the cash to get its debut pickup truck to market — and might not last as a company in the next 12 months if it can’t raise more capital.
June 8, 2021Colonial Pipeline CEO Defends Cyberattack Response
The chief executive officer of the pipeline company hit by a ransomware attack last month apologized to a U.S. Senate panel for the incident that paralyzed the East Coast’s flow of gasoline, diesel and jet fuel, while defending his company’s response and offering tips for future hacking victims.
June 8, 2021Job Openings Surge to Record 9.3 Million in April
WASHINGTON — U.S. employers posted a record 9.3 million job openings in April with the U.S. economy reopening at breakneck speed.
June 8, 2021Automakers Face a Threat to EV Sales: Slow Charging Times
DETROIT — If the auto industry is to succeed in its bet that electric vehicles will soon dominate the roads, it will need to overcome a big reason why many people are still avoiding them: fear of running out of juice between Point A and Point B.
June 8, 2021Biden to Launch Task Force on Bottlenecks in Supply Chains
WASHINGTON — The Biden administration has completed a 100-day review of supply chains and will form a task force to address the bottlenecks in the semiconductor, construction, transportation and agriculture sectors.
June 8, 2021Trade Deficit Dips to $68.9 Billion With Exports Up
WASHINGTON — The U.S. trade deficit narrowed in April to $68.9 billion as an improving global economy boosted sales of American exports.
June 8, 2021Biden-Capito Infrastructure Talks Stall
President Joe Biden’s negotiations on an infrastructure deal with Republican Sen. Shelley Moore Capito appeared to stall June 7 and a bipartisan group of senators say they are ready to step in with an alternative.
June 7, 2021