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Labor Data Surprises as Job Market Runs Hotter Than Forecast

Data released Jan. 5 reinforced the strength of the labor market, with hiring at U.S. companies far exceeding expectations and applications for jobless benefits falling to a three-month low.

January 5, 2023
GovernmentSafetyLogistics

FHWA Announces $2.1 Billion for Four Large Bridge Projects

President Joe Biden on Jan. 4 visited the worn-out Brent Spence Bridge in Kentucky as part of the administration’s renewed push to highlight the bipartisan infrastructure law.

January 5, 2023
GovernmentBusinessSafetyLogisticsTCA

Biden, McConnell Announce $1.4 Billion Brent Spence Bridge Grant

Efforts to improve the Brent Spence Bridge in northern Kentucky took a step forward on Jan. 4 when President Joe Biden announced a nearly $1.4 billion grant toward the Brent Spence Bridge project.

January 4, 2023
BusinessTechnologyEquipmentSafetyAutonomous

Torc Announces Collaboration With Foretellix

°®¶¹´«Ã½, an independent subsidiary of Daimler Truck AG, announced a multiyear strategic collaboration with Foretellix, a provider of verification and validation solutions for automated driving systems, intended to reduce development costs and accelerate time-to-market.

January 4, 2023
GovernmentBusinessTechnology

Secretaries Granholm, Buttigieg to Headline 2023 TRB Conference

Biden administration Cabinet secretaries Pete Buttigieg and Jennifer Granholm are headlining this year’s annual meeting of the Transportation Research Board.

January 4, 2023
BusinessEquipment

Utility Converts Dealer in Michigan

Utility Trailer Manufacturing Co. announced Royal Truck & Utility Trailer, formally Royal Truck & Trailer, is now the full-service Utility dealer for the state of Michigan.

January 4, 2023
BusinessEquipment

Used Class 8 Prices on Edge of Cliff, ACT Reports

The average retail price for a used Class 8 vehicle in November inched higher though sales declined by a few hundred units and mileage rose compared with a year earlier, ACT Research reported.

January 4, 2023
BusinessTechnologyEquipment

China’s CATL Extends Lead as World’s Top EV Battery Maker

Contemporary Amperex Technology Co. Ltd.’s share of the electric vehicle battery market continues to grow, as the Chinese company accounted for 37.1% of global sales in the first 11 months of 2022.

January 4, 2023
GovernmentBusinessEquipmentLogistics

Manufacturing 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, 2023
BusinessTechnologyEquipmentSafety

Drivewyze Partners With Bestpass to Better Align Tolling, Bypass Services

Drivewyze and Bestpass Inc. have joined forces so fleets can better leverage their toll management and weigh station bypass services, the companies announced Jan. 4.

January 4, 2023

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