23 Feb US House Transportation Leaders Press Biden for Ports Funding The leadership of the transportation committee at the U.S. House of Representatives is calling on the White House to prioritize a fund used to back maintenance projects at the country’s ports. Read more...
23 Feb With New Administration, Regulatory Policy Changes Could Be Coming With a new administration now occupying the White House, the trucking industry soon could see changes in the regulatory landscape. Read more...
23 Feb Nikola Two Truck Will Run 900 Miles on Tank of Hydrogen, Company Says Nikola Corp. announced updates on its zero-emission hydrogen fuel-cell electric commercial truck program as the company vied for attention beside other truck makers in an increasingly crowded space it helped create in 2016 with its introductory announcement. Read more...
23 Feb Tonnage Dips 2.1% Year-Over-Year in January January truck tonnage fell 2.1% compared with year-ago levels, but ticked up 1.4% over December 2020 — a continuation of several months’ worth of sequential gains, American Trucking Associations announced. Read more...
23 Feb Consumer Confidence Rose to Three-Month High in February Consumer confidence rose in February to a three-month high as Americans grew more upbeat about the current labor market and economy’s progress. Read more...
23 Feb Fleets Fight Increase in Cargo Theft With High- and Low-Tech Solutions As if 2020 wasn't difficult enough for trucking, the industry also saw a substantial rise in cargo theft. Here's what some fleets are doing to fight it. Read more...
23 Feb Fed’s Powell: Economic Recovery Is Uneven, Incomplete WASHINGTON — Federal Reserve Chair Jerome Powell underscored the U.S. economy’s ongoing weakness Feb. 23 in remarks that suggested that the Fed sees no need to alter its ultra-low interest rate policies anytime soon. Read more...
23 Feb EPA Changes Stand, Sides With Ethanol Industry on Biofuels DES MOINES, Iowa — The federal government announced Feb. 22 that it will support the ethanol industry in a lawsuit over biofuel waivers granted to oil refineries under President Donald Trump’s administration. Read more...
22 Feb Yellen Favors Higher Company Tax Treasury Secretary Janet Yellen said President Joe Biden favors boosting taxes on companies, and signaled openness to considering raising rates on capital gains, while steering clear of a wealth levy. Read more...
22 Feb Haldex Posts Net Loss in Q4 Amid Positive Signs Haldex reported a 13% drop in fourth-quarter revenue as well as a net loss that was less steep, compared with a year earlier, as sales to truck makers declined. Read more...