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Imports Surge Led to Record Trade Gap in 2022

The U.S. trade deficit widened to a record last year on a surge in imports as American companies scrambled early on to ensure they had enough merchandise on hand to meet demand.

February 7, 2023

Senators Introduce Catalytic Converter Theft Bill

Legislation aimed at reducing the theft of catalytic converters was introduced in the U.S. Senate this month.

February 6, 2023

Carriers Claim Victory in Chassis Choice Ruling

The Intermodal Motor Carriers Conference of American Trucking Associations has won a favorable judgment in its case against the Ocean Carrier Equipment Management Association and others in a dispute involving chassis choice for carriers that operate at maritime and inland ports.

February 6, 2023

Musk’s Tesla Tweets Didn’t Defraud Investors, Jury Says

SAN FRANCISCO — A jury on Feb. 3 decided Elon Musk didn’t defraud investors with his 2018 tweets about electric automaker Tesla.

February 6, 2023

Closing Arguments in Tesla Trial Keep Musk Center Stage

Elon Musk’s lawyer told a jury the Tesla Inc. chief executive officer has been “falsely accused” of defrauding investors and argued that the billionaire is not a “fire-breathing tweeting monster.”

February 3, 2023

Carriers Hoping to See Relief After Years of Insurance Premium Increases

Carriers have weathered years of insurance premium increases and may see slight relief in 2023, but insurance providers continue to face inflation, economic pressures and larger verdicts in both average loss and nuclear verdicts.

February 3, 2023

January Hiring Burst Stuns Economists as Market Adds 517,000 Jobs

The government said Feb. 3 that employers added a sizzling 517,000 jobs last month and that the unemployment rate dipped to 3.4%, the lowest level since 1969.

February 3, 2023

Treasury Expands Tax Credits to More Electric SUVs

WASHINGTON — The Treasury Department said Feb. 3 it is making more electric vehicles eligible for tax credits of up to $7,500 under new vehicle classification definitions.

February 3, 2023

GM’s Self-Driving Expansion Faces Challenges in San Francisco

General Motors-owned Cruise is working to expand its paid service to all of San Francisco and run it 24 hours a day.

February 3, 2023

Iowa Extends Overweight Limits for Agricultural Transport

Iowa Gov. Kim Reynolds has extended through Feb. 19 the harvest time proclamation for weight limits and the transportation of grain, fertilizer and manure.

February 3, 2023