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Biden Pitches $5.8 Trillion Plan With Record Tax Hike

President Joe Biden’s budget release on March 28 is shaping up as a direct appeal to moderate Democrats, emphasizing deficit reduction and flexibility on social spending as the White House hopes to win support for new legislation before November’s midterm elections.

March 28, 2022

US Considers New Oil Release From Strategic Reserve

The U.S. is considering another release of oil from its emergency reserves as prices continue to surge after Russia’s invasion of Ukraine, people familiar with the matter said March 25.

March 25, 2022

Warren Says Ocean Freight Alliances Add to Inflation

Sen. Elizabeth Warren (D-Mass.) blamed rising U.S. inflation in part on the largest ocean shipping companies, calling ā€œthe anti-competitive natureā€ of the industry the root cause of soaring prices to transport goods around the global economy.

March 25, 2022

USPS Doubles EV Order From Oshkosh

The U.S. Postal Service announced March 24 it ordered more than 10,000 new electric delivery trucks, up from the 5,000 the agency had initially planned to purchase.

March 24, 2022

Economic Changes Drive a New Trucking Environment, Panelists Say

The trucking industry is starting to normalize as the coronavirus pandemic loses its grasp on the economy, a panel of experts said March 23.

March 24, 2022

Four States Sign Pact to Develop Hydrogen Hub

New York, New Jersey, Massachusetts and Connecticut agreed to work with about 40 clean power companies, utilities and universities to create plans for a regional hydrogen hub as part of a push to curb greenhouse gas emissions.

March 24, 2022

White House to Seek Infrastructure, Freight Boost in FY23 Budget

WASHINGTON — The Biden White House intends to seek a boost in funding for infrastructure programs and freight-related grants in its upcoming budget request to Congress.

March 24, 2022

Safety ā€˜Areas of Concern’ Remain Consistent, FMCSA Says

Many of the safety trend concerns discussed during the Federal Motor Carrier Safety Administration’s 21st Annual Analysis, Research and Technology Forum on March 23 echoed those identified at the 2021 forum.

March 24, 2022

Trucking Sees Little Benefit to Diesel Tax Relief Plans

A move by states to soothe the sting of soaring fuel prices by temporarily suspending diesel fuel taxes has some unlikely opponents: truckers, the very people it’s supposed to help.

March 24, 2022

US Initial Jobless Claims Decline to Lowest Since 1969

Applications for U.S. state unemployment insurance fell last week to the lowest since 1969 as demand for labor far exceeds supply and rampant inflation keeps the incentive to work high.

March 24, 2022