WASHINGTON — The White House hosted a summit Oct. 13 to help speed up construction projects tied to the roughly $1 trillion infrastructure law — an effort to improve coordination with the mayors and governors who directly account for 90% of the spending.
October 13, 2022Trucking 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.
Inflation Pressures Intensified in September
WASHINGTON — Inflation in the United States accelerated in September, with the cost of housing and other necessities intensifying pressure on households, wiping out pay gains that many have received and ensuring that the Federal Reserve will keep raising interest rates aggressively.
October 13, 2022Port Leaders to Meet Amid Rapidly Changing Environment
Uncertainty over labor negotiations at West Coast ports and East Coast facilities seeing a surge in business are just two signs port industry leaders see in a fast-evolving environment.
October 12, 2022Rural Minnesota Freight Highway to Get $10 Million Face-Lift
A 90-year-old undivided two-lane freight corridor is getting a $10 million face-lift in a Minnesota agricultural belt where truckers, commuters and farmers cope with high crash rates and congestion.
October 12, 2022Bison Transport Acquires Pottle’s Transportation
Bison Transport has acquired Hermon, Maine-based truckload carrier Pottle’s Transportation, it was announced Oct. 12.
October 12, 2022Feds Award Grants for Freight Waterways
To alleviate bottlenecks along the country’s major supply chains, the Maritime Administration recently awarded nearly $39 million in grants to a dozen marine highway projects.
October 12, 2022PepsiCo Lifts Outlook as Drink, Snack Sales Buck Inflation
PepsiCo Inc. said its playbook for battling inflation is still working, with price hikes fueling double-digit gains in sales despite lower volumes of snack purchases.
October 12, 2022US Chip Suppliers Pull Back From China’s Yangtze Memory
American suppliers are beginning to withdraw staff from one of China’s leading chip companies in the wake of new U.S. regulations, a blow to Communist Party efforts to build a vibrant domestic technology industry.
October 12, 2022US Producer Price Inflation Eases to Still-High 8.5%
WASHINGTON — Inflation at the wholesale level rose 8.5% in September from a year earlier, the third straight decline though costs remain at painfully high levels.
October 12, 2022South Carolina Seeks I-95 Bridge Replacement Funds
The South Carolina Department of Transportation has applied for a $161 million federal grant to replace the Interstate 95 bridges over Lake Marion.
October 11, 2022Trending
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