24 Jun NTSB Nominee Jennifer Homendy Highlights Technology, Workforce Development President Joe Biden’s nominee to lead the National Transportation Safety Board told senators she intends to enhance the agency’s approach to new technologies and workforce development. Read more...
24 Jun Embark to Go Public, Merge With SPAC in $4.5 Billion Deal Self-driving truck technology company Embark Trucks Inc. has entered into a definitive business combination agreement with Northern Genesis Acquisition Corp. II, a special purpose acquisition company. Read more...
24 Jun US Economy Grows 6.4% in Q1 The U.S. economy grew at a solid 6.4% rate in the first three months of the year, setting the stage for what economists believe may be the strongest year for the economy in about seven decades. Read more...
24 Jun Key US Oil Storage Hub Seen Depleting as Producers Hold Tight Crude oil inventories in America’s largest storage hub are falling fast as the post-pandemic demand rebound continues to outpace production. Read more...
24 Jun Biden, Key Lawmakers Agree on Bipartisan Infrastructure Deal President Joe Biden announced on June 24 that “we have a deal,” signaling a bipartisan agreement on a $953 billion infrastructure plan that would achieve his top legislative priority and validate his efforts to reach across the political aisle. Read more...
24 Jun US House Highway Bill Includes $1 Billion in Truck Parking Grants WASHINGTON — Funding to expand parking facilities for truck drivers around the country is included in comprehensive highway policy legislation expected before the U.S. House of Representatives during the week of June 28. Read more...
24 Jun US Goods-Trade Gap Widens More Than Forecast as Imports Rise The U.S. merchandise-trade deficit widened more than forecast in May as the value of imports rose to near-record levels and exports declined. Read more...
24 Jun Minneapolis Council Committee Passes Citywide Truck Parking Restrictions The Transportation and Public Works Committee of the Minneapolis City Council on June 23 approved an ordinance amendment that would limit truck parking in the city. Read more...
24 Jun US Durable Goods Orders Rise 2.3% in May Orders to U.S. factories for big-ticket manufactured goods rose for the 12th time in the last 13 months in May, pulled up by surging demand for civilian aircraft. Read more...
24 Jun Infrastructure Deal Closer With Biden, Senators Meeting June 24 President Joe Biden and a group of bipartisan senators are close to agreement on a $559 billion infrastructure plan that would fulfill one of his top priorities, according to lawmakers and officials familiar with the discussions. Read more...