Five auto carriers look set to merge, with the combined entity likely to then add to its assets by buying up competitors, if an initial public offering pans out as planned.
April 17, 2024Search
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US to Reimpose Venezuela Oil Ban Unless Maduro Acts Quickly
President Joe Biden’s administration intends to reimpose oil sanctions on Venezuela if Nicolas Maduro’s regime does not take steps to honor an agreement to allow a fairer vote in elections.
April 17, 2024Fed’s Powell: Elevated Inflation Will Likely Delay Rate Cuts
WASHINGTON — Federal Reserve Chair Jerome Powell cautioned April 16 that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year.
April 16, 2024Ohio Turnpike Completes Open-Road Tolling Project
A new tolling system featuring open-road tolling lanes is complete along the 241-mile stretch of the Ohio Turnpike, signaling the end of its largest construction project in its history.
April 16, 2024Crews Race to Remove Chunks of Fallen Baltimore Bridge
SPARROWS POINT, Md. — Crews are using the largest crane on the Eastern Seaboard to haul the wreckage from Baltimore’s Francis Scott Key Bridge collapse to a nearby salvage yard.
April 16, 2024Macquarie: Biden Likely to Tap Oil Reserve for Summer Demand
The Biden administration will likely need to tap oil from the country’s emergency reserves to counter a spike in gasoline prices and amid inflation fears during the summer driving season.
April 15, 2024Drug Clearinghouse Creates Advantages, Challenges for Industry
Although FMCSA's efforts to streamline the driver verification process are helping fleets reduce risk via the Drug & Alcohol Clearinghouse, it's also reduced the pool of qualified drivers.
April 15, 2024Update: Biden Pledges Federal Funds for Baltimore Bridge Rehabilitation
Congressional transportation leaders are expressing support for approving emergency assistance to rebuild a bridge and adjoining infrastructure after the recent collapse at the Port of Baltimore.
April 15, 2024Amazon Becomes the Largest US Private EV Charging Operator
Amazon has installed more than 17,000 chargers at about 120 warehouses around the U.S., making the retail giant the largest operator of private EV charging infrastructure in the country.
April 15, 2024US to Provide $6.4 Billion to Samsung to Make Computer Chips
WASHINGTON — The Biden administration will provide up to $6.4 billion in direct funding for Samsung Electronics to develop a computer chip manufacturing and research cluster in Texas.
April 15, 2024