Business

WASHINGTON — An inflation gauge that is closely monitored by the Federal Reserve jumped 6.1% in January compared with a year ago, the latest evidence that Americans are enduring sharp price increases that will likely worsen after Russia’s invasion of Ukraine.

Oil extended its retreat from a seven-year high, slipping back below $100 a barrel in London, as Russia’s invasion of Ukraine forced traders to grapple with a fluid market environment.

CHEYENNE, Wyo. — Four Rocky Mountain states will cooperate on developing ways to make the most abundant element in the universe, hydrogen, more available and useful as clean-burning fuel for cars, trucks and trains, the states’ governors announced Feb. 24.

President Joe Biden ordered broad new sanctions targeting Russia on Feb. 24 after its invasion of Ukraine, declaring that Russian leader Vladimir Putin “chose this war” and his country will bear the consequences.

Hyliion Holdings Corp. reported a fourth-quarter net loss and modest first-time revenue as its work on providing electrified powertrains for Class 8 trucks continued.

At his State of the Union on March 1, President Joe Biden is expected to promote aspects of a nearly $2 trillion social infrastructure budget that dominated Democrats’ agenda last year.

After Utah lowered the legal limit for blood-alcohol concentration in drivers to 0.05, the number of alcohol-related fatalities dropped by about 20% and the National Transportation Safety Board (NTSB) is now recommending other states follow suit.

A pair of Oregon trucking executives are on a mission to encourage motor carriers to follow their lead and join obscure local entities called workforce boards, which over the years have quietly distributed millions of dollars to train an array of skilled and unskilled workers, including truck drivers.

Transportation Secretary Pete Buttigieg is being urged to prioritize infrastructure funds to boost the nation’s truck parking capacity.

American Trucking Associations’ Technology & Maintenance Council plans to focus its annual meeting on electrifying performance in maintenance management.