UPS Inc. and FedEx Corp. are ramping up vaccine distribution, with plans for additional gains if Johnson & Johnson’s inoculation is cleared by U.S. regulators.
February 25, 2021GovernmentBusinessTechnologyFuel
Secretary Pete Buttigieg Suggests Usage Charge as Sustainable Funding Solution
Transportation Secretary Pete Buttigieg acknowledged the lack of sustainable transportation financing sources, but suggested an increase to the federal fuel tax rate would not offer a long-term solution.
February 25, 2021BusinessEquipmentTop 100
January Sales Indicate Used Truck Market Is Poised to Grow
The average used Class 8 vehicle in January had higher mileage and sold for a little less than a year earlier, ACT Research reported, calling it an inkling of all the freight there was to haul in the second half of 2020.
February 25, 2021GovernmentBusinessTechnologyFuel
Senate Confirms EV Proponent Jennifer Granholm as Energy Secretary
Former Michigan Gov. Jennifer Granholm won Senate confirmation Feb. 25 to be President Joe Biden’s energy secretary. The vote was 64-35.
February 25, 2021GovernmentBusiness
Orders for US Durable Goods Climb 3.4% in January
Orders to U.S. factories for big-ticket goods shot up 3.4% in January, pulled up by surge in orders for civilian aircraft. A category that tracks business investment posted a more modest gain, the Commerce Department reported Feb. 25.
February 25, 2021GovernmentBusinessSafety
Safety Is a Priority for Policymakers Pursuing Highway Bill
Transportation policymakers in Congress aiming to produce comprehensive highway legislation this year pledged to boost safety policies across the mobility grid.
February 25, 2021GovernmentBusinessTechnologyFuel
Activists Say USPS Truck Purchase Defies Biden’s EV Order
The U.S. Postal Service currently plans for only 10% of its new truck fleet to be electric, Postmaster General Louis DeJoy said Feb. 24, angering environmentalists who say the move flies in the face of a White House executive order to electrify the government’s vehicles.
February 25, 2021BusinessTechnologyFuel
Daimler Truck Eyes Profit Rebound, Electric Rig in Spinoff Year
Daimler AG’s truck unit will focus on restoring earnings this year and start producing an electric big rig as it gets ready to separate from the larger Mercedes-Benz luxury-car division after more than a century.
February 25, 2021GovernmentBusiness
Jobless Claims Decline by More Than Forecast Last Week
Applications for U.S. state unemployment benefits fell by more than forecast last week to the lowest since November, signaling that job cuts are starting to ebb as COVID-19 infections decline and vaccinations accelerate.
February 25, 2021BusinessTechnologyEquipmentSafety
Peterbilt Launches Updated Vocational Models 567 and 520
Peterbilt Motors Co. has updated its vocational Model 567 and 520 trucks, the company announced Feb. 24.
February 25, 2021