Ford Motor Co. and China’s Contemporary Amperex Technology Co. Ltd. are considering building a battery manufacturing plant in Michigan in a complex arrangement designed to reap new tax benefits.
December 15, 2022Search
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IIJA’s Implementation Gained Momentum in 2022
President Joe Biden during his State of the Union Address to Congress this year proclaimed that the United States was embarking on an “infrastructure decade,” setting the tone for the administration’s efforts to implement the bipartisan $1 trillion infrastructure law.
December 16, 2022Regulatory Victories Mark 2022, but New Challenges Lie Ahead
As the nation began easing its way out of the COVID-19 pandemic in 2022, activity on closely watched initiatives related to the trucking workforce heated up, while efforts to advance new laws for trucking fleets kept stakeholders engaged.
December 16, 2022DOT Awards Virginia $97.6 Million in Loans to Improve I-81
Virginia has $97.6 million in two new low-interest federal loans to improve safety and traffic flows along its rolling Interstate 81 that cuts through rural mountain areas in a main trucking route linking southern economic areas and northeast markets.
December 15, 2022Union Pacific’s Embargoes Generate Complaints From Shippers
Federal regulators and shippers are questioning Union Pacific’s decision to temporarily limit some businesses’ shipments as part of its effort to clear up congestion across the railroad.
December 15, 2022Trimble Agrees to Acquire Transporeon for $2 Billion
Trimble announced it has agreed to acquire Transporeon, a cloud-based transportation management software platform focused on connected supply chain infrastructure, in an all-cash transaction valued at $2 billion.
December 15, 2022November Classes 4-7 Sales Dip 2.5%, Second-Least in 2022
November U.S. retail sales of Classes 4-7 trucks overall fell 2.5%. It was the second-smallest decline this year, which so far has posted only one positive month compared with a year earlier, Wards Intelligence reported.
December 14, 2022Expansion Plan Announced for Port of New Orleans
Gov. John Bel Edwards, the Port of New Orleans and two global maritime companies on Dec. 13 announced the formation of a public-private partnership to build a new $1.8 billion container facility on the lower Mississippi River.
December 14, 2022Fed Hikes Rate by Half-Point, Signals More to Come
The Federal Reserve reinforced its inflation fight Dec. 14 by raising its key interest rate for the seventh time this year and signaling more hikes to come.
December 14, 2022NACFE Study Shows Flat Fuel Economy for Class 8 Vehicles Surveyed
The North American Council for Freight Efficiency said fuel efficiency in Class 8 trucks participating in its annual fleet study from 2018 to 2020 remained flat at 7.24 mpg after seven previous years of 2% annual increases.
December 14, 2022