07 Jan Transportation Secretary Elaine Chao Resigns Transportation Secretary Elaine Chao announced her resignation Jan. 7 on her Twitter account, one day after a mob of supporters of President Donald Trump stormed the U.S. Capitol Building. Read more...
07 Jan Biden Taps Rhode Island Gov. Gina Raimondo as Commerce Chief, Source Says President-elect Joe Biden has chosen Rhode Island Gov. Gina Raimondo as his nominee for commerce secretary, a person familiar with the matter said Jan. 7. Read more...
07 Jan Initial Jobless Claims Remain Elevated Heading Into 2021 Applications for U.S. state unemployment benefits were little changed at elevated levels in the final week of 2020, indicating the labor market remains battered with the pandemic dragging on. Read more...
07 Jan US Trade Gap Widened to Second Biggest on Record in November The U.S. trade deficit widened to the second largest on record in November as merchandise imports reached a more than one-year high in the midst of the holiday shopping season, causing the shortfall in goods to climb to the highest yet. Read more...
07 Jan BayoTech Receives More Equity Investment BayoTech Inc., a developer of on-site hydrogen production systems, announced it received an equity investment of up to $157 million. Read more...
06 Jan Democrats’ Senate Sweep in Georgia Signals Boost to Economy Chances of another federal stimulus package got a boost as Democrats swept this week’s Senate runoff elections in Georgia, offering the prospect of more support for people and businesses hammered by the pandemic. Read more...
06 Jan Sen. Tom Carper Urges Colleagues to Confirm Pete Buttigieg The top Democrat on the committee on highway policy in the U.S. Senate is urging his colleagues to promptly confirm Pete Buttigieg as the country’s next transportation secretary. Read more...
06 Jan FHWA Awards Grant Supporting AV Truck Project at Port of Virginia The Federal Highway Administration recently awarded $49.6 million to support projects that incorporate transportation-related technologies. Read more...
06 Jan The JZ Expedited Cos. Eyes Expansion of Site in Jacksonville The JZ Expedited Cos. announced it secured a first right of refusal to develop an additional 45-acre parcel as it seeks to expand its inland marine terminal business model in Jacksonville, Fla. Read more...
06 Jan Department of Labor Issues Final Rule on Independent Contractor Status The U.S. Department of Labor on Jan. 6 issued a final rule revising its interpretation of independent contractor status under the Fair Labor Standards Act that it said will “promote certainty for stakeholders, reduce litigation and encourage innovation in the economy.” Read more...