Legislation aimed at modernizing the country’s mobility networks, freight corridors and transit systems gained approval in the U.S. Senate on Aug. 10.
August 10, 2021Search
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Productivity Rose Less Than Forecast in Q2
Productivity in the U.S. took a step back in the second quarter, indicating an easing in the rapid pace of efficiency gains seen in the prior three months.
August 10, 2021California Trucking Association Takes AB 5 Case to Supreme Court
The California Trucking Association is asking the U.S. Supreme Court to review a state independent contractor law — known as AB 5 — that it argues should be exempt from enforcement for motor carriers based on federal pre-emption.
August 10, 2021Big Win for $1 Trillion Infrastructure Bill With Senate Passage
With a robust vote after weeks of fits and starts, the Senate approved a $1 trillion bipartisan infrastructure plan Aug. 10, a rare coalition of Democrats and Republicans joining to overcome skeptics and deliver a cornerstone of President Joe Biden’s agenda.
August 10, 2021Railroad Bidding War Back On: CP Ups Bid for KCS
NEW YORK — Canadian Pacific has upped its offer for Kansas City Southern to approximately $31 billion, potentially reigniting a bidding war with rival railroad Canadian National.
August 10, 2021Diesel Dips 0.3¢ to $3.364 a Gallon
The national average price for a gallon of diesel dipped three-tenths of a cent to $3.364, according to Energy Information Administration data released Aug. 9.
August 9, 2021Permian Basin Gets Vote of Confidence With Infrastructure Plan
The region at the heart of the once-booming U.S. shale industry is signaling confidence in a nascent recovery after the pandemic crushed demand and curtailed oil and gas drilling.
August 9, 2021KC Southern Shareholders Should Vote for CN Offer, ISS Says
Canadian National Railway Co.’s $30 billion takeover bid for Kansas City Southern received a boost Aug. 6 when a prominent shareholder advisory firm recommended that shareholders support the deal.
August 9, 2021Nikola’s Indicted Ex-Chairman Milton Sells $77 Million of Stock
Nikola Corp. founder and former chairman Trevor Milton raised about $77 million selling shares in the electric truck manufacturer, days after pleading not guilty to charges he misled investors to hype the stock.
August 9, 2021Infrastructure Bill Moves Closer to Senate Passage After Delays
The U.S. Senate moved closer to passing a $550 billion infrastructure package after a drawn-out debate that pushed action into this week and left the status of several proposed changes unsettled.
August 9, 2021