16 Dec Retail Sales Fall 1.1% in November for Biggest Drop in Seven Months Retail sales fell 1.1% in November, the biggest drop in seven months, as Americans held back on spending at the start of the holiday shopping season. Read more...
15 Dec Oil Jumps to Highest Mark Since February Amid Stimulus Optimism Oil surged to the highest mark in nearly 10 months in New York alongside a broader market rally as breakthroughs on U.S. stimulus talks combined with the COVID-19 vaccine rollout stoked optimism around a demand revival. Read more...
15 Dec Getting US to Zero Carbon May Cost $2.5 Trillion by 2030 It’s going to take $2.5 trillion in spending over the next decade to get the U.S. on a path to a carbon-free economy, but the transition will help to pay for itself, Princeton University researchers say. Read more...
15 Dec Perspective: Value Feedback to Aid Driver Retention In a year where so much has changed, 2020 has shown some small glimmers of hope regarding driver turnover. Read more...
15 Dec FRA Final Rule Requires State Highway-Rail Grade Crossing Plans The Federal Railroad Administration has issued a final rule requiring states to develop, or in some cases, update action plans for highway-rail grade crossings. Read more...
15 Dec Biden Expected to Pick Buttigieg as Transportation Chief Pete Buttigieg, the former Democratic presidential candidate as well as former mayor of South Bend, Ind., will be nominated to lead the U.S. Department of Transportation under the Biden administration, according to sources familiar with the transition and published reports. Read more...
15 Dec Trucking Seeks Liability Protections as Congress Debates New COVID-19 Aid As lawmakers work on legislation that will provide additional relief funds to the transportation sector, the trucking industry is asking Congress to include provisions that ensure liability protection for motor carriers on the front lines of the coronavirus relief effort. Read more...
15 Dec Biden Introduces Buttigieg as Transportation Choice Pete Buttigieg, the former Democratic presidential candidate and onetime mayor of South Bend, Ind., was tapped to lead the U.S. Department of Transportation under the Biden administration, according to the Biden-Harris transition team. Read more...
15 Dec Trucks Carry First Doses of COVID-19 Vaccine to Hospitals Across the US As the first doses of a COVID-19 vaccine begin to ship, trucking experts on the ground level of the distribution effort said the logistical elements are in place for a successful rollout of an estimated 50 million doses of the vaccine between now and the end of January. Read more...
15 Dec Medium-Duty Sales Notch Year-Over-Year Increase in November Classes 4-7 U.S. retail sales in November surpassed 18,000 and jumped nearly 10% compared with a year earlier as only Class 7 failed to post a year-over-year gain, WardsAuto.com reported. Read more...