Nikola Corp. founder Trevor Milton asked a federal judge to throw out an indictment accusing him of misleading investors about the electric vehicle maker’s financial prospects.
December 16, 2021Search
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Jobless Claims Rose Slightly Last Week From 52-Year Low
Applications for U.S. state unemployment benefits rose last week but remained near the lowest levels of the pandemic as the labor market recovery continues.
December 16, 2021Driver Shortage Defines Trucking for 2021
The shortage of professional drivers quickly became the defining issue for the industry during the past year with its far-reaching effects.
December 17, 2021White House Unveils Plan to Recruit Truck Drivers
The Biden administration is launching a multifaceted program in partnership with industry that aims to expand recruiting efforts in trucking through various efforts, and elevate the appeal of what one senior administration official described as “well-paying, solid careers.â€
December 16, 2021Three-Judge Panel to Decide Appeal of Vaccine Mandate for Private Employers
The Cincinnati-based U.S. 6th Circuit Court of Appeals said Dec. 15 that a three-judge panel — rather than the entire court — would rule on a challenge to President Joe Biden’s mandate that all private employers with at least 100 workers require them to be vaccinated against COVID-19 or wear masks and face weekly tests.
December 15, 2021American Consumer Momentum Wanes Just in Time for the Holidays
The American consumer has held strong since last year’s COVID-driven spending pause, as their purchases helped power the global economic recovery. But that momentum may be fading as the holiday season approaches.
December 15, 2021Automakers to Battle Chip Crisis for Years, Consultancy Says
Carmakers including Volkswagen AG and General Motors Co. should brace for the global semiconductor shortage to last beyond next year and redesign cars so they need fewer of the high-tech components, consultancy Roland Berger said.
December 15, 2021Responding to Supply Chain Needs, USDOT Announces Maritime Grants
To continue its push to alleviate freight bottlenecks nationwide, the U.S. Department of Transportation announced a series of grants for commercial maritime operations and freight hubs along key parts of the supply chain.
December 14, 2021Creation of Voting Trust Advances CP-KCS Deal
A railroad merger nearly derailed this year by a bidding war is moving forward ahead of a final say from regulators on Canadian Pacific’s $31 billion acquisition of Kansas City Southern railroad.
December 14, 2021House Bill Boosts Protections Against Staged Crashes
Legislation targeting staged vehicle collisions and fraudulent claims affecting the motor carrier industry was recently introduced in the U.S. House of Representatives.
December 14, 2021