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Nikola Misses Estimates, Details Additional SEC Inquiry

Nikola Corp. posted a narrower-than-expected loss for its latest quarter as the troubled electric-vehicle startup ramped up testing of its debut battery-electric Class 8 trucks and said securities regulators investigating the company issued an additional subpoena in March.

May 7, 2021

Job Growth Softens, Misses Estimates

U.S. job growth unexpectedly softened in April from the prior month, suggesting that difficulty attracting workers is slowing momentum in the labor market.

May 7, 2021

US LNG Players Tout Carbon Capture in Bid to Boost Green Image

U.S. LNG developers seeking to burnish their green credentials and boost their competitiveness on a crowded global stage are touting a costly and largely untested technology: carbon capture.

May 6, 2021

Senate Bill Calls for Removing Personal Information From International Moving Shipping Manifests

Bipartisan legislation has been introduced in the Senate that would require scrubbing such personal information as social security and passport numbers on shipping manifests for military and government personnel moving to the U.S. from overseas before the information is sold to data brokers.

May 6, 2021

House Democrats Support Electric Vehicle Policies, Rep. Pallone Says

House Democrats are aiming to advance legislation pertaining to electric vehicles as the White House and congressional leaders debate infrastructure policy measures this year.

May 6, 2021

House Committee, White House Prepare for Highway Bill’s Consideration

The White House intends to schedule meetings with transportation leaders next  week before the congressional committees’ consideration of multiyear highway policy bills.

May 6, 2021

Biden Pushes for His Infrastructure Plan in GOP Stronghold

With a badly aging bridge as his backdrop, President Joe Biden stood in reliably Republican Louisiana on May 6 to pressure GOP lawmakers to support his $2.25 trillion infrastructure plan — and yet express a willingness to compromise on the corporate tax hikes he’s recommending to pay the cost.

May 6, 2021

World’s Biggest Brands Adopt Checklist to Protect Seafarers

Unilever Plc and other big retail brands are among consumer giants adopting a toolkit to audit their shipping supply chains in an effort to help bring seafarers stuck on commercial vessels back home and eliminate human rights risks.

May 6, 2021

Jobless Claims Fall More Than Forecast to Pandemic Low

Applications for U.S. state unemployment insurance fell last week to a fresh pandemic low as labor market conditions continued to improve and the economy reopened more broadly.

May 6, 2021

Labor Department Drops Independent Contractor Rule

The U.S. Department of Labor has announced the withdrawal of a federal regulation for classification of independent contractors that the agency earlier said would “promote certainty” for the trucking industry’s use of contractors, but which it now maintains would introduce “substantial confusion and uncertainty on the topic.”

May 6, 2021