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Gasoline Increase Drives 0.4% Boost in Consumer Prices

Consumer prices increased 0.4% in February, the biggest gain in six months, led by a sharp jump in gasoline prices. But core inflation, excluding food and energy, posted a much smaller 0.1% gain, easing fears about a possible sustained acceleration in inflation.

March 10, 2021

Maersk Is Said to Weigh Sale of $1 Billion Cold Container Unit

A.P. Moller-Maersk A/S is considering a sale of its refrigerated container business as demand for the cold storage units surges during the COVID-19 pandemic, according to people familiar with the matter.

March 10, 2021

Oshkosh Acknowledged Weakness on EVs Before Win in Postal Deal

Oshkosh Corp. executives cautioned investors that they lacked expertise in building electric vehicles several months before the company won a lucrative U.S. Postal Service contract to build next-generation mail-delivery vans with batteries or internal-combustion engines.

March 10, 2021

Biden Executive Order Calls on Agencies to Prioritize 'Environmental Justice'

A sweeping executive order from President Joe Biden calls for a review of all Trump-era environmental regulations with a focus on the issue of “environmental justice,” an effort to cut greenhouse gas emissions in low-income and minority communities across the United States that, in many cases, are located near where heavy trucks operate.

March 9, 2021

White House Hasn’t Ruled Out Democrat-Only Infrastructure Plan

White House Senior Adviser Cedric Richmond left open the possibility that the Biden administration could seek passage of an infrastructure plan with only Democratic votes after the president drew criticism for a $1.9 trillion virus relief package that’s poised to pass along partisan lines.

March 9, 2021

Giant Oil Tankers Are Losing Almost $7,000 a Day Amid OPEC Cuts

Times are getting tougher by the day for oil tanker owners.

March 9, 2021

Trucking Groups Ask to Make Truck Stops Vaccination Sites

A coalition of trucking groups has issued a letter urging the Centers for Disease Control and Prevention to designate truck stops and travel plazas as COVID-19 vaccination sites.

March 9, 2021

Biden Faces Tougher Obstacles for Broad Relief Bill Sequel

President Joe Biden’s soon-to-be-unveiled longer-term economic stimulus package is set for far tougher obstacles in Congress than the pandemic-relief bill that’s on the verge of squeaking through without a single Republican’s backing.

March 9, 2021

Sen. Ed Markey Pushes Climate-Focused Transportation Bills

A group of Democratic senators recently introduced legislation designed to initiate reductions of greenhouse gas emissions on the nation’s highways.

March 8, 2021

Biden’s Giant Stimulus to Easily Pass House, Democrats Say

President Joe Biden’s $1.9 trillion package will sail through the House when it takes up the bill on March 9, according to Democratic lawmakers and aides, even after proposals that progressives championed were scaled back.

March 8, 2021