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Congressional Transportation Leaders Win Re-Election

For the top transportation decision-makers on Capitol Hill up for re-election, a majority of voters responded favorably to their campaigns, sending them back to Washington to work on an agenda that includes an update of the country’s highway and infrastructure policies.

November 5, 2020

751,000 Seek US Jobless Benefits as Virus Weighs on Economy

The number of Americans seeking unemployment benefits fell slightly last week to 751,000, a still-historically high level that shows that many employers keep cutting jobs in the face of the accelerating pandemic.

November 5, 2020

VW CEO Diess Says Existential Electric Race Awaits After Pandemic

Volkswagen AG CEO Herbert Diess vowed to pursue a sweeping transition to electric cars, declaring it a matter of survival even as the coronavirus risks upending business in the near term.

November 5, 2020

CVSA Issues Bulletin to Mitigate False Inspection Violations From ELD Data Transfers

Technical issues that have been causing problems with the transfer of data from electronic logging devices to equipment used by roadside inspectors to check drivers’ hours-of-service records are the subject of a bulletin issued by the Commercial Vehicle Safety Alliance and are being studied by a pair of industry vendors.

November 5, 2020

Stocks, Bonds Rally as Election Bets Retooled

After a wild election night sowed confusion across U.S. markets, investors frantically bid up stocks Nov. 4, sending major averages to the biggest rallies in five months, as they grew more confident that the tightly contested outcome would ensure key elements of the bull market remain intact for years to come.

November 4, 2020

Judge ‘Shocked’ at Postal Service, May Order DeJoy to Testify

Postmaster General Louis DeJoy may have to testify under oath about his agency’s failure to follow court orders to avoid delivery disruptions for mail-in ballots during the election.

November 4, 2020

Arkansas Approves Sales Tax; Rideshare Drivers Score Win in California

Although the next occupant of the White House remained unclear the day after the election, certain transportation-related issues were definitively settled at the state level Nov. 3.

November 4, 2020

House Transportation Chairman Peter DeFazio Wins Re-Election

Rep. Peter DeFazio beat back political newcomer Alek Skarlatos’ challenge to win another term as the federal legislator in Oregon’s 4th District.

November 4, 2020

Services Sector Expands for Fifth Straight Month

SILVER SPRING, Md. — The U.S. services sector, where most Americans work, registered its fifth consecutive month of expansion in October.

November 4, 2020

Fugitive Carlos Ghosn Aims to Settle Scores in Book

Executive-turned-international fugitive Carlos Ghosn is gunning for revenge in a new book published this week about the events surrounding his arrest in Tokyo two years ago, 130-day Japanese imprisonment and dramatic escape to Lebanon.

November 4, 2020