ºÚÁϳԹÏÍø

WASHINGTON — President Joe Biden is moving to ban new offshore oil and gas drilling in most U.S. coastal waters, an effort to block action by the incoming administration to expand offshore drilling.

WASHINGTON — Republican Mike Johnson won re-election to the House speakership on a first ballot Jan. 3, pushing past GOP hard-right holdouts.

Stellantis NV and Volkswagen AG shares declined as some of their plug-in cars lost access to U.S. tax credits under tougher rules that took effect this week.

The tax credit created by President Joe Biden’s signature climate law now includes a carve-out that will benefit some existing nuclear power plants.

New York’s controversial plan to charge drivers a toll for entering Manhattan’s central business district starting on Jan. 5 is facing a last-ditch challenge from neighboring New Jersey.

Biden announced his formal decision on Jan. 3 after the case was referred to him by a U.S. security review panel, ahead of a deadline early next week.

The Cybertruck qualifies for up to $7,500 in U.S. tax credits for the first time in 2025, part of reshuffling under tougher rules that took effect Jan. 1 that also disqualify other EVs for subsidies.

In June, ATA President Chris Spear met with then-presidential candidate Donald Trump to gain insight into what the trucking industry might expect should Trump win a second term.

The transportation community will meet in Washington Jan. 5-9 for the annual meeting of the Transportation Research Board.