18 Mar Graves Steps Up Support of VMT Fees as Highway Funding Source Rep. Sam Graves, the top Republican on the U.S. House transportation panel, is calling on fellow policymakers to consider funding certain highway programs with revenue from fees collected on the miles vehicles travel. Read more...
18 Mar US Economy, Trucking Industry Poised for Strong Recovery, Economists Predict Economists predict the United States economy broadly and the trucking economy specifically are poised for a rocket-like recovery in the second half of 2021, propelled by $1.9 trillion in federal stimulus and millions of Americans who will receive COVID-19 vaccinations and return to restaurants, ballparks and theaters. Read more...
18 Mar Elizabeth Warren, AOC Lay Down Green Transit Plan for Biden Progressives in the House and Senate plan to set down a marker March 18 for President Joe Biden’s infrastructure plans, introducing a $500 billion proposal to shift U.S. transportation away from fossil fuels. Read more...
18 Mar Workflow Software Could Be Part of Solution to Truck Driver Shortage Trucking has been facing a driver shortage problem for quite some time, but workflow software could be part of the solution. Read more...
18 Mar Senate Commerce Committee Schedules Vote for Polly Trottenberg The nomination of Polly Trottenberg to become deputy secretary at the U.S. Department of Transportation will be considered by a Senate panel this month. Read more...
18 Mar US Jobless Claims Unexpectedly Increase to One-Month High Applications for U.S. jobless benefits unexpectedly rose last week, to the highest since mid-February, underscoring how the labor market is recovering in fits and starts. Read more...
18 Mar EV Maker Lordstown Dips on SEC Look at Short-Seller Claims Electric-truck startup Lordstown Motors Corp. fell in extended trading after reporting it received an inquiry on its operations from the Securities and Exchange Commission. Read more...
18 Mar Nidec to Supply Motors for Foxconn’s Electric Vehicle Initiative Two newcomers to the electric-vehicle market, Nidec Corp. and Foxconn Technology Group’s automobile arm, unveiled an agreement on supplying electric powertrains — the collection of components including the motor, gears and drive shaft that propel a vehicle. Read more...
18 Mar FedEx, Stakeholders: Investments, Partnerships Key to Tackling Climate Change Investing in infrastructure and adopting policies that enhance the movement of freight would help address the country’s climate change concerns, the head of FedEx Corp. told federal transportation policymakers March 17. Read more...
18 Mar Nikola Partner Hanwha to Sell 50% of Stake in EV Startup Nikola Corp. is seeing another strategic partner sell down its stake as South Korea’s Hanwha Group signaled its intention to liquidate half of its holdings in the troubled electric truck startup. Read more...