15 Jun Perspective: Federal Excise Tax Relief Can Aid Recovery The coronavirus pandemic has changed the world. In the United States it altered the way our country operates and wreaked havoc on American businesses, but leaders in Washington responded with actions that helped mitigate the damage. I applaud these efforts and am confident that our economy will bounce back. But the work is not done. Read more...
12 Jun Marijuana Accounts for Most Failed Drug Tests, Clearinghouse Report Shows More than 10,000 positive drug tests for marijuana were reported to the federal Drug & Alcohol Clearinghouse through the end of May this year, distinguishing pot by far as the banned drug of choice for truck drivers failing tests, according to new numbers released in a Clearinghouse report June 11. Read more...
12 Jun Texas Oil-Export Terminals Start Up Even as Shipments Tumble Yet another Texas terminal is preparing to export oil, even as the pandemic continues to hammer global demand for U.S. crude. Read more...
12 Jun Medium-Duty Sales Tumble 33% in May U.S. retail sales of medium-duty trucks fell across the board in May, landing below 15,000, WardsAuto.com reported. Read more...
12 Jun Caterpillar Sales Drop Highlights Worry of ‘Catatonic’ Recovery Caterpillar Inc.’s machinery sales dropped by the most in 10 years last month in a sign of a deepening slump in its Americas businesses, where the company has extended plant shutdowns. Read more...
12 Jun Oil Set for First Weekly Drop Since April on Second-Wave Fears Oil is heading for its first weekly loss since April, when prices collapsed below zero. Read more...
12 Jun DOT Issues $3 Million for State, Local Safety Tools The U.S. Department of Transportation recently issued $3.3 million to state, local and tribal government groups to support tools that are meant to improve roadway safety. Read more...
12 Jun Sen. Ted Cruz Introduces NEPA Reform Bills Two bills that would seek to make changes to the National Environmental Policy Act recently were introduced by Sen. Ted Cruz (R-Texas). Read more...
12 Jun Nikola’s Trevor Milton Has $7.4 Billion Fortune on Free Truck Orders The executive chairman of Nikola Corp. is under siege from skeptics of the company he started in 2014 with the goal of revolutionizing the trucking industry. Read more...
11 Jun Mnuchin Says US Can’t Shut Economy Even if Virus Resurges Treasury Secretary Steven Mnuchin said the U.S. shouldn’t shut down the economy again even if there is another surge in coronavirus cases. Read more...