UPS Inc. lost a court fight for about $2 billion in compensation over the European Commission’s 2013 botched veto of its takeover bid for TNT Express.
February 23, 2022Search
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Biden Wants to Cut Into China’s Electric Battery Dominance
SACRAMENTO, Calif. — President Joe Biden highlighted his efforts to counter China’s dominance of the electric battery market on Feb. 22 as he touted domestic efforts to mine and process lithium and rare metals necessary to create the technology that powers cars, electronics, wind turbines and more.
February 23, 2022TuSimple Agrees to US Oversight, Concluding Probe
Trucking startup TuSimple Holdings Inc. reached an agreement with U.S. authorities to resolve security concerns around its self-driving truck operations and the company’s ties with China.
February 23, 2022Iowa Truckers Pursue Lawsuit Abuse Legislation
Iowa's governor and a trucker turned state senator are waging a two-pronged legislative offensive targeting lawsuit abuse in traffic accidents with motor carriers.
February 23, 2022Ports to Get $450 Million to Speed Flow of Goods
As cargo volumes continued to surge at the nation’s ports in January, the Biden administration on Feb. 23 announced plans to make $450 million available in new grant funding as part of the Department of Transportation’s Port Infrastructure Development Program.
February 23, 2022Perspective: Rethinking the Pitch for Truck Parking
Truck parking is a major pain point for the industry, and needs more investment from the government. It’s time to get creative about urging that investment, and potentially look to an unconventional source to find it: states’ climate budgets.
February 22, 2022Minnesota Trucking Leaders Set Effort for Lawmakers to Meet With Local Fleets
With state fleet leaders’ annual trip to the U.S. Capitol disrupted due to COVID-related visitation limits, the Minnesota Trucking Association is instead inviting federal leaders to meet trucking executives on their home turf.
February 22, 2022Consumer Confidence Drops to Five-Month Low in February
U.S. consumer confidence fell in February to the lowest since September as expectations for growth and financial prospects softened amid decades-high inflation.
February 22, 2022US House, Senate Negotiate Semiconductor Production Bill
Legislation that would dedicate $52 billion to boost the country’s role as a semiconductor manufacturer amid a supply chain crisis is expected to be a main item on Congress’ agenda over the coming weeks.
February 22, 2022Soaring Diesel, Gas Prices Bleed Into Shipping
The shipping industry is starting to feel the full force of surging diesel and gasoline costs.
February 22, 2022