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FMCSA Panel Calls for Solutions to Truck Parking Crisis

A Federal Motor Carrier Safety Administration advisory committee met for five hours Dec. 17 to recommend best practices to increase safe parking for truck drivers seeking rest.

December 20, 2024

Hyzon to Begin Layoffs in February Without More Funds, Buyer

Hyzon expects to start laying off U.S. employees in February if the hydrogen fuel cell electric truck maker cannot raise more funds or find a buyer, the company said Dec. 20.

December 20, 2024

Inflation Slows, Boosting Hopes for Deeper Rate Cuts in 2025

The so-called core personal consumption expenditures price index, which excludes food and energy items, increased 0.1% from October and 2.8% from a year earlier.

December 20, 2024

Consumer Sentiment Up for Fifth Straight Month in December

The final December sentiment index increased to 74 from 71.8 last month, according to the University of Michigan. The median estimate in a Bloomberg survey called for a reading of 74.2.

December 20, 2024

House Passes Spending Plan Hours Before Shutdown Deadline

The spending bill would keep the government open through March 14, provide disaster relief and give billions of dollars in economic aid to farmers. It will not suspend the national debt limit.

December 20, 2024

China Races to Ship Batteries to US Before Tax Changes

Shipments of lithium-ion batteries to the U.S. jumped by 27% to $1.9 billion in November from a year earlier. The export tax rebate for batteries was cut to 9% from 13%.

December 20, 2024

Walmart Joins Growing List of Firms Scaling Back Climate Goals

Prior pledges to reduce operational greenhouse gas emissions by 65% by 2030 and 35% by 2025 are probably not achievable, and the company will consider reviewing its climate targets in 2025.

December 20, 2024

Trump to EU: Buy More US Gas or Prepare for Tariffs

Trump said on Truth Social that if the European Union does not up its imports, "it is TARIFFS all the way!!!" The U.S. goods and services trade deficit with the EU was $131.3 billion in 2022.

December 20, 2024

FedEx Details Planned Changes During Q2 2025 Earnings

The Memphis, Tenn.-based transportation services company on Dec. 19 reported net income of $740 million, or $3.03 a diluted share, for the three months ending Nov. 30.

December 19, 2024