Applications for U.S. state unemployment insurance fell last week to a fresh pandemic low, signaling steady improvement in the job market as remaining business restrictions are lifted.
May 20, 2021GovernmentBusinessSafety
Texas Senate Passes Bill Aimed at Curbing Lawsuit Abuse of Truckers
The Texas Senate has unanimously approved a House bill that would help curb the growing trend of lawsuit abuse targeting commercial vehicles in Texas.
May 20, 2021BusinessTechnologyAutonomous
Waymo Eyes Raising Up to $4 Billion as Leaders’ Exits Sow Doubts
Waymo is talking to outside investors about raising as much as $4 billion in additional capital to fuel its self-driving efforts. And the company has discussed plans to eventually list publicly, spinning out from its parent Alphabet Inc., according to people familiar with the plans.
May 19, 2021GovernmentBusinessTechnologySafety
States Mobilize to Repair I-40 Bridge, but Closure Likely to Remain for Months
The ongoing Interstate 40 bridge closure is a costly interruption for the trucking industry that will likely stretch on for months.
May 19, 2021BusinessTechnologyEquipment
Hyliion Q1 Results Lack Revenue, but Product Development Accelerates
Electrified powertrain company Hyliion reported no revenue in the first quarter ended March 31, but mentioned progress with its product development, as it also noted in its first-ever earnings report for the third quarter and again in Q4.
May 19, 2021GovernmentBusiness
Capito Sees More Than 50% Chance of Infrastructure Deal
President Joe Biden and Senate Republicans have a greater than 50-50 chance of striking a deal on infrastructure, in the view of top GOP negotiator Sen. Shelley Moore Capito.
May 19, 2021BusinessTechnologyEquipmentAutonomous
Phillips Connect Hires Jon Morrison as Executive Consultant
Smart-trailer product developer Phillips Connect announced that former Wabco Americas president Jon Morrison will serve as a strategic executive to the company as it looks to increase its market share in trailer connectivity and support a future with autonomous vehicles.
May 19, 2021BusinessTechnologyEquipment
Convoy Launches Backup, Spot Services for Drop-and-Hook
Convoy launched an automated drop-and-hook service for backup and spot freight to give shippers added flexibility for unexpected demand surges, the digital freight network announced May 19.
May 19, 2021GovernmentBusiness
Buttigieg Reinstates Local Hiring Program
WASHINGTON — Transportation Secretary Pete Buttigieg on May 19 reinstated an Obama-era pilot program that aims to aid minority and disadvantaged people by ensuring local hiring for public works construction projects, reversing a decision by the Trump administration.
May 19, 2021BusinessEquipmentFuel
Oil That Cooked Fries Is Now Refueling Planes
The world’s biggest maker of renewable diesel says it’s creating a new market for low-carbon jet fuel as passengers slowly return to the skies.
May 19, 2021