President Joe Biden is preparing to sign an executive order to review U.S. supply chains for large-capacity batteries, pharmaceuticals, critical minerals and semiconductors that power cars, phones, military equipment and other goods.
February 24, 2021Search
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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, 2021Top 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, 2021US 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, 2021Consumer 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, 2021Fed’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, 2021EPA 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, 2021Tonnage 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, 2021Yellen 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, 2021Biden Gives Small Firms Exclusive Two-Week Access to PPP
President Joe Biden said his administration is seeking to help small businesses by giving them exclusive access to the Paycheck Protection Program for two weeks, and he called on lawmakers to pass his $1.9 trillion stimulus plan to provide additional assistance.
February 22, 2021