Michigan is protective over its automotive legacy — so much so that it laid down $2 billion in taxpayer money to assure the state would be part of the electrification of the car industry.
January 9, 2023Search
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Services Gauge Shrinks Unexpectedly in Worst Slide Since 2020
A U.S. services gauge unexpectedly shrank at the end of 2022, with steep declines in measures of business activity and orders that, if sustained, risk heightening concerns about the demand outlook.
January 6, 2023Mercedes to Build Its Own EV Charging Network
Mercedes-Benz says it will build its own worldwide electric vehicle charging network starting in North America in a bid to compete with EV sales leader Tesla.
January 5, 2023EV Tax Credit Rulings Please Some Automakers, Exclude Others
The U.S. government has angered Tesla Inc.’s Elon Musk and handed welcome news to other automakers like Hyundai Motor Co. with guidance on which electric vehicles will qualify for tax credits in the coming months.
January 5, 2023Manufacturing Contracts in December for Second Straight Month
U.S. manufacturing activity contracted for a second month in December, capping the steepest annual slide in the key factory gauge since 2008 and helping to further tame price pressures.
January 4, 2023Rural Freight Corridors Among $273.9 Million in Grant Funding
The U.S. Department of Transportation has awarded $273.9 million to 12 projects that are designed to improve safety and freight movement on rural roadways in several states.
December 29, 2022Texas Schools Awarded Grants for Trucking Vocations
Educational grants for careers as truck drivers and diesel mechanics are among $54 million in awards by the Texas Workforce Commission to schools to buy equipment and expand job options for students.
December 29, 2022New Pocket Guide Includes Key Transportation Metrics
A 72-page “Pocket Guide to Transportation 2023” from the federal government is available online and in print with key statistical data and highlights of major national transportation data trends.
December 28, 2022DOT Gets Funding Increase in $1.7 Trillion Federal Budget
The spending budget for the federal government’s fiscal 2023 includes an increase in funding for the Department of Transportation that is higher than the level requested by the White House.
December 28, 2022Shipping Insurers Back Off of Russia-Ukraine Trade
A host of shipping insurers altered their policies for 2023 to exclude claims linked to Russia’s war in Ukraine, a further sign of the industry’s growing concerns about losses stemming from the conflict.
December 28, 2022