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The U.S. Department of Transportation has awarded $273.9 million to 12 projects that are designed to improve safety and freight movement on rural roadways in several states.

Shippers are in the driver’s seat as spot and contract rates continue to soften, but industry analysts said rates likely will stabilize throughout 2023.

Kansas officials announced $40.5 million in funding to overhaul 33 local and off-system bridge projects across the state.

The U.S. Treasury Department signaled some imported cars will qualify for electric vehicle tax credits in the Inflation Reduction Act, a move that could assuage Asian and European allies’ concerns about the sweeping climate legislation.

As Tesla helped usher in electric cars, a Tampa Bay, Fla., company seeks to do the same for boating. Blue Innovations Group, founded by former Tesla global head of manufacturing Chuan “John” Vo, is working out of Pinellas Park on a 30-foot-long boat powered by only electricity.

Ascend — a dry van, full truckload carrier that offers middle-mile supply chain solutions — announced it acquired a new terminal in McDonough, Ga.

The spending budget for the federal government’s fiscal 2023 includes an increase in funding for the Department of Transportation that is higher than the level requested by the White House.

Toyota Motor Corp. said its global output hit a record for November, thanks in part to solid consumer demand, though it warned of an uncertain outlook due to a persistent shortage of semiconductors and spikes in COVID cases in China.

Clean Energy Fuels Corp. announced that it entered into a four-year $150 million sustainability-linked senior secured term loan with Riverstone Credit Partners.

A host of shipping insurers altered their policies for 2023 to exclude claims linked to Russia’s war in Ukraine, a further sign of the industry’s growing concerns about losses stemming from the conflict.