07 Jan US Trade Gap Widened to Second Biggest on Record in November The U.S. trade deficit widened to the second largest on record in November as merchandise imports reached a more than one-year high in the midst of the holiday shopping season, causing the shortfall in goods to climb to the highest yet. Read more...
07 Jan BayoTech Receives More Equity Investment BayoTech Inc., a developer of on-site hydrogen production systems, announced it received an equity investment of up to $157 million. Read more...
06 Jan Democrats’ Senate Sweep in Georgia Signals Boost to Economy Chances of another federal stimulus package got a boost as Democrats swept this week’s Senate runoff elections in Georgia, offering the prospect of more support for people and businesses hammered by the pandemic. Read more...
06 Jan Sen. Tom Carper Urges Colleagues to Confirm Pete Buttigieg The top Democrat on the committee on highway policy in the U.S. Senate is urging his colleagues to promptly confirm Pete Buttigieg as the country’s next transportation secretary. Read more...
06 Jan FHWA Awards Grant Supporting AV Truck Project at Port of Virginia The Federal Highway Administration recently awarded $49.6 million to support projects that incorporate transportation-related technologies. Read more...
06 Jan The JZ Expedited Cos. Eyes Expansion of Site in Jacksonville The JZ Expedited Cos. announced it secured a first right of refusal to develop an additional 45-acre parcel as it seeks to expand its inland marine terminal business model in Jacksonville, Fla. Read more...
06 Jan Department of Labor Issues Final Rule on Independent Contractor Status The U.S. Department of Labor on Jan. 6 issued a final rule revising its interpretation of independent contractor status under the Fair Labor Standards Act that it said will “promote certainty for stakeholders, reduce litigation and encourage innovation in the economy.” Read more...
06 Jan For First Time in Five Years, US Gas Mileage Down, Emissions Up A new government report says gas mileage for new vehicles dropped and pollution increased in model year 2019 for the first time in five years. Read more...
06 Jan Amware CEO Outlines Moulton Logistics Acquisition Amware Fulfillment CEO Harry Drajpuch detailed Jan. 5 how the recent acquisition of Moulton Logistics helps bolster ongoing growth strategies. Read more...
06 Jan Tesla’s Elon Musk Now World’s Richest Person Elon Musk, the outspoken entrepreneur behind Tesla Inc. and SpaceX, is now the richest person on the planet. Read more...