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Biggest Electric School Bus Deal in US Approved in Maryland

A school system outside Washington is poised to become the nation’s biggest operator of electric school buses.

February 24, 2021

Workhorse Passed Over as Oshkosh Wins USPS EV Contract

Electric-vehicle maker Workhorse Group Inc. plunged on Feb. 23, triggering multiple trading halts, after a key U.S. Postal Service contract that some had expected it to win went to rival Oshkosh Corp. instead.

February 24, 2021

Top Bottlenecks Less Congested Last Year, but Infrastructure Needs Persist, ATRI Finds

Trucks moved more swiftly last year through sections of road that historically are choked with congestion, as the coronavirus pandemic kept vehicles off the road and freed up highways for easier movement of freight, the American Transportation Research Institute said.

February 24, 2021

US House Transportation Leaders Press Biden for Ports Funding

The leadership of the transportation committee at the U.S. House of Representatives is calling on the White House to prioritize a fund used to back maintenance projects at the country’s ports.

February 23, 2021

Consumer Confidence Rose to Three-Month High in February

Consumer confidence rose in February to a three-month high as Americans grew more upbeat about the current labor market and economy’s progress.

February 23, 2021

Fed’s Powell: Economic Recovery Is Uneven, Incomplete

WASHINGTON — Federal Reserve Chair Jerome Powell underscored the U.S. economy’s ongoing weakness Feb. 23 in remarks that suggested that the Fed sees no need to alter its ultra-low interest rate policies anytime soon.

February 23, 2021

EPA Changes Stand, Sides With Ethanol Industry on Biofuels

DES MOINES, Iowa — The federal government announced Feb. 22 that it will support the ethanol industry in a lawsuit over biofuel waivers granted to oil refineries under President Donald Trump’s administration.

February 23, 2021

Tonnage Dips 2.1% Year-Over-Year in January

January truck tonnage fell 2.1% compared with year-ago levels, but ticked up 1.4% over December 2020 — a continuation of several months’ worth of sequential gains, American Trucking Associations announced.

February 23, 2021

Yellen Favors Higher Company Tax

Treasury Secretary Janet Yellen said President Joe Biden favors boosting taxes on companies, and signaled openness to considering raising rates on capital gains, while steering clear of a wealth levy.

February 22, 2021