25 Jan Connecticut DOT Unveils $9.7 Billion Transportation Investment Plan The Connecticut Department of Transportation released its $9.7 billion capital plan, which includes investments across various modes of transportation over the next five years. Read more...
25 Jan Shipping Container Crunch Shows Signs of Easing, Index Shows A global shortage of shipping containers that has sent ocean freight rates skyrocketing shows signs of easing, according to an index that tracks the steel boxes used to transport 90% of the global trade in goods. Read more...
25 Jan TFI Buys UPS Freight for $800 Million TFI International Inc. is acquiring UPS Freight in an $800 million deal announced Jan. 25. Read more...
22 Jan ‘Spotter’ in New Orleans Accident Scam Sentenced to 21 Months A so-called spotter who participated in at least two staged accidents against trucks in the New Orleans area has been sentenced to 21 months in prison for his part in the wire fraud conspiracy. Read more...
22 Jan Elon Musk’s SpaceX Plans to Drill for Natural Gas Near Texas Launchpad Elon Musk recently moved to Texas, where he launches some of his rockets and is building a battery factory. Now, for good measure, he plans to drill for natural gas in the state. Read more...
22 Jan E-Commerce Shaped by COVID-19 May Become New Normal, Experts Say The online shopping trend hastened by the COVID-19 pandemic may signal a new normal for purchasing habits and shipping services, according to Adam Colon, director of operations at J.B. Hunt Transport Services Inc. Read more...
22 Jan Senate Committee to Meet for Gina Raimondo Confirmation Hearing President Joe Biden’s pick to lead the U.S. Department of Commerce is scheduled to defend her nomination before a Senate panel Jan. 26. Read more...
22 Jan Maersk Loses 750 Containers as Seas Hammer L.A.-Bound Ship One of AP Moller-Maersk’s containerships carrying goods from China to the U.S. lost part of its cargo in the Pacific Ocean during bad weather. Read more...
22 Jan SPAC Boom Propels EV Makers to Public Markets Until June last year, Tesla Inc. was the only dedicated electric carmaker based in the U.S. on the stock market. Then special purpose acquisition companies took over Wall Street. Read more...
22 Jan Oregon DOT Surveys Drivers Ahead of Local Road Usage Pilot The Oregon Department of Transportation is in the process of determining whether interested Portland-area drivers are eligible to participate in a road usage pilot program. Read more...