The House on Dec. 28 passed a bill replacing the $600 stimulus checks in the newly enacted virus relief bill with $2,000 payments, as Democrats and moderate Republicans voted in favor of a proposal backed by President Donald Trump.
December 28, 2020GovernmentBusinessFuel
Diesel Rises 1.6¢, Reaches Nine-Month High of $2.635 a Gallon
The U.S. average retail price of diesel rose 1.6 cents to $2.635 a gallon and notched a new nine-month high after first reaching that peak a week earlier, the Energy Information Administration reported Dec. 28. The average price of diesel was $2.659 on March 23.
December 28, 2020GovernmentBusinessFuel
Oil’s Brief Rally Fades With Supply Risks Countering Stimulus
A brief rally in crude oil deflated Dec. 28 as investors ignored a broader market surge that pushed equities to an all-time high and focused instead on looming new supply from OPEC+.
December 28, 2020GovernmentBusinessTechnologyLogisticsAutonomous
Nuro Acquires Ike, Gets Approval for Autonomous Deliveries in California
Robotics company Nuro announced Dec. 23 that it has acquired Ike Robotics Inc., which builds automated trucking technology.
December 28, 2020GovernmentBusiness
COVID-19 Relief Package Includes $10 Billion for Highway Infrastructure
President Donald Trump on Dec. 27 signed a COVID-19 relief package that allots $10 billion for highway infrastructure programs.
December 28, 2020GovernmentBusiness
House Set to Vote on $2,000 Stimulus Checks Trump Demanded
The House is set to vote Dec. 28 to replace the $600 stimulus payments in the newly enacted pandemic relief law with the $2,000 President Donald Trump demanded — a Democratic-led effort that is politically fraught for congressional Republicans and unlikely to become law.
December 28, 2020GovernmentBusinessTechnologyLogistics
Drone Use in US to Get Boost in New Security Rules
Commercial U.S. drone flights are set to receive a huge boost as soon as the week starting Dec. 28 with requirements that most of the devices must transmit a radio beacon with a digital license plate.
December 28, 2020GovernmentBusinessSafetyLogistics
Trucking Industry's Great Work in 2020 Will Pay Dividends in 2021, ATA’s Spear Says
The trucking industry’s response to the COVID-19 pandemic has brought with it a boost in public perception that will endure for years to come, American Trucking Associations President Chris Spear told Transport Topics.
December 28, 2020GovernmentBusinessTechnologySafety
Oregon Commission Approves $2.2 Billion for Transportation Improvement Program
The Oregon Transportation Commission approved an initial plan to invest approximately $2.2 billion in future projects through the Statewide Transportation Improvement Program.
December 28, 2020GovernmentBusiness
Trump Signs Virus Relief, Government Spending Package
President Donald Trump signed a bill containing $900 billion in pandemic relief, backing down from last-minute demands that undercut his own negotiating team, risked a government shutdown and delayed widely supported economic aid as coronavirus cases continue to rise.
December 27, 2020