Business

Since 2020, a pandemic-fueled supply crunch, Russia’s war with Ukraine, and a deepening rift in the U.S.-China trade relationship have hammered home the idea that the world needs more resilient trade networks.

Tesla said Jan. 2 that it sold a record 1.3 million vehicles last year, but the number fell short of CEO Elon Musk’s pledge to grow the company’s sales by 50% nearly every year.

The California Air Resources Board is allowing fleets flexibility with some reporting requirements mandated under its Advanced Clean Fleets rule, which is set to take effect this year.

A pipeline operator put a damaged section in Kansas back into service Dec. 29, a little more than three weeks after a spill dumped 14,000 bathtubs’ worth of crude oil into a rural creek.

The U.S. Department of Transportation has awarded $273.9 million to 12 projects that are designed to improve safety and freight movement on rural roadways in several states.

Shippers are in the driver’s seat as spot and contract rates continue to soften, but industry analysts said rates likely will stabilize throughout 2023.

Kansas officials announced $40.5 million in funding to overhaul 33 local and off-system bridge projects across the state.

The U.S. Treasury Department signaled some imported cars will qualify for electric vehicle tax credits in the Inflation Reduction Act, a move that could assuage Asian and European allies’ concerns about the sweeping climate legislation.

As Tesla helped usher in electric cars, a Tampa Bay, Fla., company seeks to do the same for boating. Blue Innovations Group, founded by former Tesla global head of manufacturing Chuan “John” Vo, is working out of Pinellas Park on a 30-foot-long boat powered by only electricity.

Ascend — a dry van, full truckload carrier that offers middle-mile supply chain solutions — announced it acquired a new terminal in McDonough, Ga.