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The U.S. economy ended 2021 by expanding at a brisk 7% annual pace from October through December, the government reported Feb. 24 in a slight upgrade from its earlier estimate as businesses stepped up their restocking of supplies.

The head of the National Transportation Safety Board said states should follow the example set by Utah and reduce the blood alcohol content level permitted for drivers as a way of reducing drunken driving accidents and improving highway safety.

The Biden administration announced several new actions Feb. 24 intended to ease supply chain disruptions that have plagued the economy during the coronavirus pandemic.

Applications for U.S. state unemployment insurance fell last week by more than forecast, continuing an overall downward trend as the labor market recovery continues.

The Volvo Group announced a $41 million investment in North Carolina’s Piedmont Triad region to purchase and expand the building housing its U.S. Uptime Center, which will now also serve as the global headquarters for Volvo Financial Services (VFS).

Sensor technology suppliers Spartan Radar and Uhnder Inc. have formed a partnership to develop improved sensing capabilities for advanced driver-assistance systems and autonomous driving technology for commercial trucks.

Oil surged above $105 a barrel for the first time since 2014 after Russia attacked sites across Ukraine, triggering fears of a disruption to energy exports at a time of already tight supplies.

DETROIT — Ford Motor Co. CEO Jim Farley says the automaker has no plans to spin off its electric vehicle or internal combustion businesses, but is reinventing itself by removing costs and ramping up for large-scale EV and software sales.

As cargo volumes continued to surge at the nation’s ports in January, the Biden administration on Feb. 23 announced plans to make $450 million available in new grant funding as part of the Department of Transportation’s Port Infrastructure Development Program.

Motor carriers can offset the rising cost of insurance premiums by continuously improving their overall safety practices and expanding use of smart technology, a new report said.