02 Apr Biden’s Biggest-Ever Investment Plan for US Still Trails China What President Joe Biden touted as a historic U.S. federal investment program that will position the country to win the global innovation race still leaves it well behind China’s continuing, giant infrastructure upgrading campaign. Read more...
02 Apr US Employers Add 916,000 Jobs in March as Hiring Accelerates America’s employers unleashed a burst of hiring in March, adding 916,000 jobs in a sign that a sustained recovery from the pandemic recession is taking hold as vaccinations accelerate, stimulus checks flow through the economy and businesses increasingly reopen. Read more...
01 Apr EV Stocks Climbing Back on Biden’s ‘Green Tidal Wave’ Electric vehicle stocks, which were hit hard this year as investors shifted out of growth industries, are getting a boost as President Joe Biden mounts a major push to accelerate the adoption of battery-powered cars, and Chinese peers report strong March sales. Read more...
01 Apr Connecticut Plan Outlines Strategies for Connected, Automated Vehicles Autonomous delivery services — and the challenges they present — are included as a consideration in the Connecticut Department of Transportation’s recently released strategic plan for connected and automated vehicles. Read more...
01 Apr Dana Adds Service-Free Medium-Duty Parts Dana Inc. has added new SPL 140SFX service-free u-joints for medium-duty applications to its Spicer Life series portfolio. Read more...
01 Apr Sandeep Sakharkar to Become CIO for XPO Spinoff GXO XPO Logistics announced that Sandeep Sakharkar will become the chief information officer of spinoff business GXO Logistics. Read more...
01 Apr Granholm, Buttigieg to Help Sell Infrastructure Plan President Joe Biden said he had directed five of his Cabinet members, including Transportation Secretary Pete Buttigieg and Energy Secretary Jennifer Granholm, to help advance his plan to spend $2.25 trillion on infrastructure and other priorities. Read more...
01 Apr Volvo Penta, Tico to Develop Electric Terminal Trucks Volvo Penta announced a joint effort in North America with Terminal Investment Corp. to develop emissions-free, fully electric terminal truck prototypes, calling them a viable future application for EVs. Read more...
01 Apr IMC Cos. Hires First Chief Administrative Officer The marine drayage business IMC Cos. announced March 29 that it hired its first chief administrative officer. Read more...
01 Apr Oil Rises After OPEC+ Agrees to Boost Output Gradually Oil rose after the OPEC+ alliance agreed to increase oil production gradually over the next three months. Read more...