What President Joe Biden touted as a historic U.S. federal investment program that will position the country to win the global innovation race still leaves it well behind China’s continuing, giant infrastructure upgrading campaign.
April 2, 2021Search
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Biden’s Infrastructure Plan to Total $2.25 Trillion, Include Corporate Tax Hikes
President Joe Biden announced a $2.25 trillion climate change-centric infrastructure plan meant to repair the country’s roads and bridges, and guarantee nationwide access to broadband internet and safe drinking water.
March 31, 2021Georgia Ports Authority OKs $205 Million for Savannah Expansion
The board of the Georgia Ports Authority voted March 29 to spend $205 million to expand the Savannah facility, adding to $100 million authorized several months ago.
March 30, 2021Port of Baltimore Dredging, Expansion Seen as Boon to Economy
Port of Baltimore officials say with the vast jump in imported cargo and tens of millions of dollars in infrastructure improvements, the sprawling facility on the Chesapeake Bay will see rapid growth the next several years.
March 30, 2021Conversation Begins About Who Will Pay for Suez Canal Crisis
The Suez Canal may be open again, but the battle over damages from the waterway’s longest closure in almost half a century is just beginning.
March 30, 2021Oil Rises for Second Day With Focus Moving Toward OPEC+ Meeting
Oil climbed to the highest in almost two weeks as traders looked ahead to this week’s OPEC+ meeting with speculation that renewed demand concerns will spur the group to keep production in check.
March 29, 2021NYC-N.J. Tunnel Plan Has ‘Sense of Urgency,’ Buttigieg Says
The Biden administration is prioritizing the Gateway rail tunnel project between New York City and New Jersey with urgency because of its “national significance†to the economy, Transportation Secretary Pete Buttigieg told lawmakers.
March 26, 2021Blocked Suez Canal Compounds Stress to Supply Chains
Dislodging the container vessel blocking the Suez Canal will take until at least March 31, a longer effort than initially feared that will amplify the disruption to global supply chains for everything from oil to grains to cars.
March 26, 2021Infrastructure Plan Coming March 31, Biden Says
President Joe Biden said he will unveil his long-term economic rejuvenation plan March 31, promising a new “paradigm†for the middle class and a major ramp-up in investment and infrastructure spending that will strengthen the U.S. position against China.
March 25, 2021Suez Canal Choked for Third Day as Elite Team Tackles Stuck Ship
A huge backlog of ships was building up around the Suez Canal for a third day as an elite salvage team set about the monumental challenge of freeing the container vessel that’s blocking the crucial waterway.
March 25, 2021