07 May Wisconsin Leaders Issue Grant to Support Marine Facility in Marinette Wisconsin officials announced May 6 that $1 million in grant funding has been awarded to support infrastructure at a shipbuilding facility in Marinette. Read more...
07 May New Jersey DOT Distributes Over $47 Million for Local Bridges The New Jersey Department of Transportation announced $47.3 million in grant funding has been awarded to local government agencies to assist with bridge maintenance projects. Read more...
07 May Tesla Engineer Says Musk Overstated Tesla Autopilot Capability One of Tesla Inc.’s engineers told California authorities that CEO Elon Musk overstated the capability of Autopilot, the company’s driver-assistance system, early this year. Read more...
07 May Nikola Beats Estimates, Details Additional SEC Inquiry Nikola Corp. posted a narrower-than-expected loss for its latest quarter as the troubled electric-vehicle startup ramped up testing of its debut battery-electric Class 8 trucks and said securities regulators investigating the company issued an additional subpoena in March. Read more...
07 May Job Growth Softens, Misses Estimates U.S. job growth unexpectedly softened in April from the prior month, suggesting that difficulty attracting workers is slowing momentum in the labor market. Read more...
07 May Electric Truck Startup Einride Raises $110 Million Swedish electric-truck startup Einride AB has raised $110 million from investors, including the venture capital arm of the world’s largest shipping company, A.P. Moller-Maersk A/S, to expand its logistics business in Europe and in the U.S. Read more...
07 May Managing Financial Risk During COVID A financial services adviser urged trucking companies to learn as much as possible about new and existing customers’ ability to pay their bills, as navigating the post-pandemic economy will bring with it new challenges. Read more...
06 May Biden Pushes for His Infrastructure Plan in GOP Stronghold With a badly aging bridge as his backdrop, President Joe Biden stood in reliably Republican Louisiana on May 6 to pressure GOP lawmakers to support his $2.25 trillion infrastructure plan — and yet express a willingness to compromise on the corporate tax hikes he’s recommending to pay the cost. Read more...
06 May Senate Bill Calls for Removing Personal Information From International Moving Shipping Manifests Bipartisan legislation has been introduced in the Senate that would require scrubbing such personal information as social security and passport numbers on shipping manifests for military and government personnel moving to the U.S. from overseas before the information is sold to data brokers. Read more...
06 May US LNG Players Tout Carbon Capture in Bid to Boost Green Image U.S. LNG developers seeking to burnish their green credentials and boost their competitiveness on a crowded global stage are touting a costly and largely untested technology: carbon capture. Read more...