With the congressional August recess fast approaching, senior transportation policymakers are calling for passage of several big picture supply chain-centric bills.
June 29, 2023Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Supply Chain Legislation Awaits Votes in House, Senate
Spot Market Struggles With Prolonged Bottom
The spot market has become stuck in a stagnant bottom with market patterns preventing it from building back momentum.
June 29, 2023GDP Growth in Q1 2023 Revised to 2%
Showing resilience in the face of higher interest rates, the U.S. economy grew at a 2% annual pace from January through March as consumers spent at the fastest pace in nearly two years.
June 29, 2023CSX and CPKC Will Connect to Increase Traffic in Southeast
CSX and CPKC railroads announced a deal June 28 that will allow them to beef up a little-used connection between their two networks in the southeastern United States to handle more freight.
June 29, 2023Carmaker Lobbying Group Pushes Back on EPA Pollution Plan
The Biden administration’s proposal to crack down on vehicle pollution with strict tailpipe emission limits isn’t achievable by 2032, according to an auto industry trade group.
June 29, 2023XPO Workers at Florida Facility Decertify Teamsters Union
XPO workers on June 21 voted to remove a local Teamsters union from their Hialeah, Fla., workplace. Teamsters Local 769 was first certified in December 2014.
June 28, 2023USDA Offers Up to $500 Million in Biofuel Grants
Agriculture Secretary Tom Vilsack announced that up to $500 million in federal funds are available to boost supplies of American-made biofuel.
June 28, 2023May Used Class 8 Sales Down 4.9% Year-Over-Year
Used Class 8 truck sales in May decreased 4.9% year-over-year to 19,300 units from 20,300, ACT Research reported.
June 28, 2023Senate EPW Leaders Introduce Diesel Emissions Bill
Legislation that would reauthorize the Diesel Emissions Reduction Act through fiscal 2029 was recently introduced in the U.S. Senate.
June 28, 2023Biden Administration Announces Infrastructure Investments
With the height of the busy summer travel season upon us, President Joe Biden is touting investments approved in 2021’s infrastructure law.
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