25 Jun Economy Recovering, but Experts Fear Rise in Coronavirus Cases Experts are warning that signs of improvement in the U.S. economy could give way to another round of contractions as coronavirus cases increase in certain states. Read more...
25 Jun House Plans Consideration of $1.5 Trillion Infrastructure Bill House Democrats plan to schedule a vote before July 4 on a comprehensive infrastructure measure that aims to modernize freight corridors, reduce traffic congestion and promote climate change resilience infrastructure. Read more...
25 Jun Lordstown Motors Debuts Electric Truck as Market Heats Up The company that bought the aging Lordstown, Ohio, auto factory from General Motors last year unveiled an electric pickup truck it plans to build at the plant, one of many new electric light-trucks manufacturers plan to start selling over the next two years. Read more...
25 Jun House Panel Approves Amendment to Raise Minimum Liability Insurance for Carriers to $2 Million A measure that would increase from $750,000 to $2 million the minimum liability insurance requirement for commercial motor vehicles was approved by a House panel and included in a recent highway funding bill. Read more...
25 Jun Tesla Plans Battery Facility in California After Threat to Move Tesla Inc. is planning to expand a battery-research facility in the San Francisco Bay Area. Read more...
25 Jun House to Take Up Fiscal 2021 Transportation Funding Bill in July Legislation that would fund operations at the U.S. Department of Transportation for the next fiscal year will be considered by a House panel next month. Read more...
25 Jun US May Exports Sink to 11-Year Low as Imports Drop U.S. exports sank to the lowest in more than a decade while imports dropped as the coronavirus continued to curtail demand for goods and upset producers’ supply chains. Read more...
25 Jun Navistar Breaks Ground on San Antonio Truck Plant Navistar International Corp. and local and state officials June 25 celebrated, in a virtual setting, groundbreaking in San Antonio on its most advanced manufacturing facility, a $250 million investment. Read more...
25 Jun Convoy Unveils Machine-Learning System to Assess Carrier Safety Convoy unveiled a new machine-learning system that’s designed to assess carriers’ safety histories, the company announced June 24. Read more...
25 Jun US Initial Jobless Claims Worse Than Forecast for Second Week The number of Americans seeking unemployment benefits was higher than forecast for a second straight week, adding to signs that the recovery is cooling amid a pickup in coronavirus cases. Read more...