Elon Musk’s Boring Co. Pitched Texas on Tunnels for Cars, People, Water
Before the end of Year One of the COVID-19 pandemic, Elon Musk did something a lot of other people were doing at the same time: He moved. Once in Texas, several of his business ventures followed, including Boring Co., a startup seeking to create underground transportation systems.
June 1, 2022Metal Prices May Set Back Race for Cheaper EVs
A surge in battery metal prices means it could take several years longer for electric vehicles to become as affordable as conventional cars, according to BloombergNEF.
June 1, 2022Biden to Devote $2.1 Billion to Strengthen Food Supply Chain
The Biden administration on June 1 will announce $2.1 billion in new funding to bolster food supply chains, including initiatives to expand small- and midsized processing plants, according to a U.S. Department of Agriculture official.
June 1, 2022FedEx-Backed Freightos to Go Public
Freightos Ltd., a digital platform for global freight-booking services, is set to go public through its tie-up with blank-check company Gesher I Acquisition Corp.
May 31, 2022Biden Plots Inflation Fight With Fed Chair
WASHINGTON — Focused on relentlessly rising prices, President Joe Biden plotted inflation-fighting strategy May 31 with the chairman of the Federal Reserve, with the fate of the economy and his own political prospects increasingly dependent on the actions of the government’s central bank.
May 31, 2022High School Prepares Students for Transportation Careers
LONG BEACH, Calif. — Students from Juan Rodriguez Cabrillo High School watched transportation leaders at the Metrans International Urban Freight Conference, which met just a few miles from the sprawling Port of Long Beach.
May 31, 2022Fleetmaster Express Celebrates Launch of Two Volvo VNR Electric Trucks
Fleetmaster Express marked the launch of the first two Volvo VNR Electric trucks in its fleet with a ceremony in Arlington, Texas , the company announced May 26.
May 31, 2022FMCSA Extends COVID Emergency Declaration to Aug. 31
The Federal Motor Carrier Safety Administration has extended regulatory waivers related to truckers’ allowable work time, citing continuing public health concerns over COVID-19.
May 31, 2022Consumer Confidence Slips in May Amid Stubborn Inflation
SILVER SPRING, Md. — U.S. consumer confidence edged lower in May as Americans’ view of their present and future prospects dimmed in the midst of persistent inflation.
May 31, 2022Pandemic Spurred Change in Industry, Transportation Professionals Say
LONG BEACH, Calif. — Because of the now more than two-year-long COVID-19 pandemic, the freight industry is undergoing an accelerated rate of change.
May 31, 2022