06 Dec Congress Should Raise Fuel Tax for Infrastructure Projects, New Report Recommends Federal policymakers should raise and index federal fuel taxes to address immediate funding needs for the vast network of infrastructure projects and transportation corridors nationwide, recommended authors of a National Academies of Sciences, Engineering and Medicine report published Dec. 6. Read more...
06 Dec Freight Forwarder BDP International Selects Greenbriar as Equity Partner Freight forwarder BDP International has selected Greenbriar Equity Group, a New York-based investment firm, as its first strategic equity partner, according to a statement issued by the company Dec. 6. Read more...
06 Dec Tennessee Tech Nixes Plan to Build Intelligent Mobility Center With Fitzgerald Glider Kits Tennessee Tech University officials have ended plans to establish an Intelligent Mobility Research Center in a partnership with Fitzgerald Glider Kits after a university research misconduct investigation discredited a university study that concluded in some cases glider trucks polluted less than newer heavy trucks. Read more...
06 Dec US Becomes Net Oil Exporter for First Time in 75 Years America turned into a net oil exporter the week of Nov. 26, breaking 75 years of continued dependence on foreign oil and marking a pivotal — even if likely brief — moment toward what President Donald Trump has branded as “energy independence.” Read more...
06 Dec Bud, Bill Shuster Make Deals in Different Eras Most politicians rely on heavy doses of optimism when pitching policies to constituents and colleagues. That was evident with Rep. Bill Shuster, who emulated his father, Bud, in his ability to charm and persuade the people in his Pennsylvania district, as well as members of the committee. Read more...
06 Dec Funding, Freight Among Retiring T&I Chairman Bill Shuster’s Enduring Priorities After nearly two decades in Congress, Pennsylvania Republican Rep. Bill Shuster will at month’s end vacate his House seat and with it his perch as chairman of the influential Transportation and Infrastructure Committee. Read more...
06 Dec Businesses Added a Solid 179,000 Jobs Last Month WASHINGTON — U.S. businesses hired new workers at a solid pace in November, adding 179,000 jobs, according to a private survey. Read more...
06 Dec Productivity Rises 2.3% in Third Quarter WASHINGTON — U.S. productivity grew at an annual rate of 2.3% in the July-September quarter, slower than the previous quarter but still an improvement over the weak annual gains of the past decade. Labor costs rose at a modest pace in the third quarter. Read more...
06 Dec Service Industries Expand to Near-Record Level in November A gauge of U.S. service industries unexpectedly rose in November to a near-record level amid gains in business activity and new orders, adding to indications that the sector remains robust in the fourth quarter. Read more...
06 Dec China Implementing Agreed-Upon Trade Deals With US, Official Says China and the United States have reached agreement in the sectors of agriculture, autos and energy, and China will immediately start implementing that consensus, a government spokesman said. Read more...