WASHINGTON — America’s employers added a solid 223,000 jobs in December, evidence that the economy remains healthy, yet also a sign that the Federal Reserve may still have to raise interest rates aggressively to slow growth and cool inflation.
January 6, 2023Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Speaker Holdup Stalls GOP Agenda
Multiple failed attempts in the House of Representatives to solidify Rep. Kevin McCarthy (R-Calif.) as the next Speaker of the House delayed the GOP caucus from kicking off its legislative agenda on time, as every official function in the chamber requires a signoff from the speaker.
January 5, 2023Mercedes to Build Its Own EV Charging Network
Mercedes-Benz says it will build its own worldwide electric vehicle charging network starting in North America in a bid to compete with EV sales leader Tesla.
January 5, 2023FMCSA Proposes Financial Security Requirements for Freight Forwarders
The Federal Motor Carrier Safety Administration has issued a proposed rule that establishes financial security requirements for freight forwarders, taking further action on legislation that stretches back more than a decade.
January 5, 2023EV Tax Credit Rulings Please Some Automakers, Exclude Others
The U.S. government has angered Tesla Inc.’s Elon Musk and handed welcome news to other automakers like Hyundai Motor Co. with guidance on which electric vehicles will qualify for tax credits in the coming months.
January 5, 2023Labor Data Surprises as Job Market Runs Hotter Than Forecast
Data released Jan. 5 reinforced the strength of the labor market, with hiring at U.S. companies far exceeding expectations and applications for jobless benefits falling to a three-month low.
January 5, 2023FHWA Announces $2.1 Billion for Four Large Bridge Projects
President Joe Biden on Jan. 4 visited the worn-out Brent Spence Bridge in Kentucky as part of the administration’s renewed push to highlight the bipartisan infrastructure law.
January 5, 2023Biden, McConnell Announce $1.4 Billion Brent Spence Bridge Grant
Efforts to improve the Brent Spence Bridge in northern Kentucky took a step forward on Jan. 4 when President Joe Biden announced a nearly $1.4 billion grant toward the Brent Spence Bridge project.
January 4, 2023Secretaries Granholm, Buttigieg to Headline 2023 TRB Conference
Biden administration Cabinet secretaries Pete Buttigieg and Jennifer Granholm are headlining this year’s annual meeting of the Transportation Research Board.
January 4, 2023Manufacturing Contracts in December for Second Straight Month
U.S. manufacturing activity contracted for a second month in December, capping the steepest annual slide in the key factory gauge since 2008 and helping to further tame price pressures.
January 4, 2023