Entries for February 2021

Exxon Defends Giant Dividend After First Annual Loss in Decades

Volvo Group, Natso Add Plans for Greater Electric Deployments

Truck maker Volvo Group and the travel plaza trade group Natso separately announced additional steps to ensure they assist in the infrastructure development and broader deployment of electric trucks.

U.S. Xpress Enterprises Reports $455.6M Revenue for Q4

U.S. Xpress Enterprises reported that its fourth-quarter bottom-line result swung to a profit from a loss in the year-ago period.

DTNA Names Rakesh Aneja to Lead eMobility Unit

Daimler Trucks North America announced the appointment of Rakesh Aneja as the company’s new head of eMobility that is focused on electric drive systems.

TruckLabs’ TruckWings Gains First Canadian Fleet Customer

Online Shopping Surge Delivers Record Revenue for UPS

Diesel Increases 2.2¢ to $2.738 a Gallon

The nationwide average price of diesel fuel rose 2.2 cents to $2.738 a gallon, according to Energy Information Administration data released Feb. 1.

Northeast States Issue Truck Travel Bans as Winter Storm Bears Down

Officials in several Northeast states have announced restrictions on commercial truck travel as a severe snowstorm takes aim at the region.

CBO Projects 4.6% Growth, Jobs Lag in 2021

The U.S. economy is projected to grow at a robust 4.6% annual rate this year, but employment isn’t expected to return to pre-pandemic levels until 2024, the Congressional Budget Office said Feb. 1.

House Bill Promotes Local Infrastructure Projects

Rep. Julia Brownley recently introduced lhe Support Local Transportation Act, which would incrementally increase funding for localities via the federal Surface Transportation Block Grant program.