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Texas County Gives Thumbs Up to Tesla Factory Tax Break

The prospect of a Tesla Inc. factory in the Austin, Texas, area has moved a big step closer to reality, after Travis County commissioners on July 14 approved tax breaks the electric vehicle maker requested.

July 15, 2020

Extension of Airline Payroll Aid Sought by Unions, Lawmakers

A bipartisan group of House lawmakers along with airline unions are calling for an extension of federal aid to prevent an expected wave of layoffs starting in October.

July 15, 2020

US Industrial Output Surges by Most Since 1959 on Reopening

U.S. industrial production in June posted the largest monthly gain since 1959, indicating manufacturing is stirring to life after coronavirus-related shutdowns.

July 15, 2020

Biden Touts Union Jobs in $2 Trillion Plan to Build Clean Energy

Joe Biden unveiled plans July 14 to spend $2 trillion galvanizing a clean energy economy, with ambitions to spur millions of union jobs building the wind turbines, sustainable homes and electric vehicles needed to rapidly throttle U.S. greenhouse gas emissions driving climate change.

July 14, 2020

Boeing Loses 60 Max Jet Orders in June With Virus Crimping Buyers

Boeing Co.’s order stockpile shrank further last month as airlines and lessors backed out of commitments for the grounded 737 Max jetliner in a market devastated by the coronavirus pandemic.

July 14, 2020

Trucking Freight Increases 3% Year-Over-Year, ATA Report Says

The trucking industry collectively moved 11.84 billion tons of freight in 2019, according to American Trucking Associations’ annual data compendium — ATA American Trucking Trends 2020 — which was released July 13. That figure is a 3% year-over-year increase from 2018’s 11.49 tons of freight.

July 14, 2020

OPEC Sees Demand for Its Crude Above Pre-Virus Levels in 2021

OPEC expects demand for its crude oil to rebound sharply next year, surpassing levels seen before the coronavirus crisis, as rival producers struggle to revive output.

July 14, 2020

15 States Agree to Work Together for All Heavy Trucks to Be Electric by 2050

A total of 15 states and the District of Columbia have signed a joint memorandum of understanding committing to work collaboratively to advance and accelerate the market for electric medium- and heavy-duty trucks and other vehicles.

July 14, 2020

Spiking Cost of Gasoline Pushes June Consumer Prices Up 0.6%

U.S. consumer prices increased 0.6% in June, after three months of declines, with a big jump in gasoline prices accounting for over half of the gain.

July 14, 2020

FMCSA to Analyze Safety Practices for Small Delivery Trucks, Vans

Federal trucking regulators are seeking information on the safety operations of small commercial trucks and vans making deliveries for online retailers and grocery stores that seem to be increasing in number in recent months, but staying mostly under the regulatory radar.

July 13, 2020