06 May House Democrats Support Electric Vehicle Policies, Pallone Says House Democrats are aiming to advance legislation pertaining to electric vehicles as the White House and congressional leaders debate infrastructure policy measures this year. Read more...
06 May Trucking Growth Expected to Be Strong Amid Recovery, Expert Says Economic recovery in the wake of the COVID-19 pandemic is putting pressure on the freight-hauling sector, and an industry expert said changes brought on by virus-related cutbacks are contributing to a tightening market that could rival earlier periods of growth. Read more...
06 May House Committee, White House Prepare for Highway Bill’s Consideration The White House intends to schedule meetings with transportation leaders next week before the congressional committees’ consideration of multiyear highway policy bills. Read more...
06 May Biden to Push His Infrastructure Plan in Louisiana President Joe Biden will push the case for his $2.3 trillion infrastructure plan in the reliably Republican state of Louisiana — directly challenging GOP lawmakers who say that low taxes for corporations and the wealthy will fuel economic growth. Read more...
06 May VW Raises Full-Year Outlook, Warns of Growing Chip Shortage Volkswagen AG raised its earnings outlook after a strong start to the year, while cautioning that the semiconductor shortage rippling through the industry will become more pronounced in the second quarter. Read more...
06 May Hub Group Reports Q1 Revenue, Profit Gains Hub Group posted large first-quarter gains in profits and revenue, reflecting a strong freight market. Read more...
06 May World’s Biggest Brands Adopt Checklist to Protect Seafarers Unilever Plc and other big retail brands are among consumer giants adopting a toolkit to audit their shipping supply chains in an effort to help bring seafarers stuck on commercial vessels back home and eliminate human rights risks. Read more...
06 May Plus Hires Former FMCSA Official Wiley Deck Former FMCSA Deputy Administrator Wiley Deck has been tapped by autonomous truck technology firm Plus to head government affairs and public policy. Read more...
06 May Jobless Claims Fall More Than Forecast to Pandemic Low Applications for U.S. state unemployment insurance fell last week to a fresh pandemic low as labor market conditions continued to improve and the economy reopened more broadly. Read more...
06 May Labor Department Drops Independent Contractor Rule The U.S. Department of Labor has announced the withdrawal of a federal regulation for classification of independent contractors that the agency earlier said would “promote certainty” for the trucking industry’s use of contractors, but which it now maintains would introduce “substantial confusion and uncertainty on the topic.” Read more...