Economy to Suffer Under Joe Biden Infrastructure, Climate Plan, Mike Pence Says
A multitrillion-dollar proposal from Democratic presidential candidate Joe Biden aimed at reconditioning the country’s buildings, mobility grids and energy sectors would suffocate an economy poised to rebound in the coming months, Vice President Mike Pence argued in an Oct. 7 debate with Sen. Kamala Harris.
October 8, 2020Elaine Chao: Long-Term Plan Needed for US Infrastructure
Transportation Secretary Elaine Chao said the nation’s lawmakers must take a long-range view of addressing the country’s pressing infrastructure needs, and do the work needed to craft a funding measure more far-reaching and comprehensive than the one-year highway bill extension that recently advanced.
October 8, 2020Workhorse Falls on Short-Seller Claim It Misled Investors
Workhorse Group Inc. shares fell briefly after a short seller published a report accusing the startup electric-vehicle manufacturer of “misleading investors” and alleging it’s unlikely to win a key contract to supply postal trucks.
October 8, 2020FMCSA Proposes Expanding Specialties for Military Driver Pilot Program
FMCSA is proposing to expand the military occupational specialties associated with its pilot program that allows people between the ages of 18 and 20 who possess the U.S. military equivalent of a CDL to operate trucks in interstate commerce.
October 8, 2020Pelosi Says No Action on Airline Aid Without Bigger Stimulus
House Speaker Nancy Pelosi said Oct. 8 there could be no action on a stand-alone bill to aid airlines or any other sector of the economy without an agreement with the White House and Republicans on a broader economic stimulus package.
October 8, 2020Louisiana Braces Itself for Hurricane Delta
Louisiana residents still recovering from the devastation of a powerful hurricane less than two months ago braced for another hit as Hurricane Delta steamed north through the Gulf on Oct. 8 after swiping Mexico’s Yucatan Peninsula.
October 8, 2020US Layoffs Remain Elevated as 840,000 Seek Jobless Aid
The number of Americans seeking unemployment benefits fell slightly last week to a still-high 840,000, evidence that job cuts remain elevated seven months into the pandemic recession.
October 8, 2020Watch the Replay: Future of Freight and Supply Chain Symposium
Trucking execs from XPO Logistics, C.R. England, NFI Industries, YRC Worldwide and Transfix were among the guests featured during our Oct. 8 TT/CQ Roll Call virtual symposium, "The Future of Freight and Supply Chain Management." Watch the replay now.
October 7, 2020Chevron Overtakes Exxon Mobil as America’s Largest Oil Company
Chevron Corp. overtook Exxon Mobil Corp. as the largest oil company in America by market value, the first time the Texas-based giant has been dethroned since it began as Standard Oil more than a century ago.
October 7, 2020ATA, TMC Celebrate Professional Technicians With Appreciation Week
American Trucking Associations’ Technology & Maintenance Council recognized several service professionals Sept. 26 during the inaugural National Technician Appreciation Week.
October 7, 2020