UPS Loses Compensation Bid in EU
UPS Inc. lost a court fight for about $2 billion in compensation over the European Commission’s 2013 botched veto of its takeover bid for TNT Express.
February 23, 2022Biden Wants to Cut Into China’s Electric Battery Dominance
SACRAMENTO, Calif. — President Joe Biden highlighted his efforts to counter China’s dominance of the electric battery market on Feb. 22 as he touted domestic efforts to mine and process lithium and rare metals necessary to create the technology that powers cars, electronics, wind turbines and more.
February 23, 2022Stellantis Reaps $15 Billion Profit in First Year of Merger
FRANKFURT, Germany — Automaker Stellantis said Feb. 23 that it made 13.4 billion euros ($15.2 billion) in its first year after it was formed from the merger of Fiat Chrysler Automobiles and PSA Group and would pay out record profit-sharing checks to unionized U.S. workers.
February 23, 2022Lowe’s Posts Strong Q4 Results on Strong Housing Market
NEW YORK — Lowe’s Cos., the nation’s second-largest home improvement chain behind Home Depot, offered an upbeat annual outlook after reporting strong fiscal fourth-quarter results that showed a still sizzling housing market.
February 23, 2022TuSimple Agrees to US Oversight, Concluding Probe
Trucking startup TuSimple Holdings Inc. reached an agreement with U.S. authorities to resolve security concerns around its self-driving truck operations and the company’s ties with China.
February 23, 2022Iowa Truckers Pursue Lawsuit Abuse Legislation
Iowa's governor and a trucker turned state senator are waging a two-pronged legislative offensive targeting lawsuit abuse in traffic accidents with motor carriers.
February 23, 2022Perspective: Rethinking the Pitch for Truck Parking
Truck parking is a major pain point for the industry, and needs more investment from the government. It’s time to get creative about urging that investment, and potentially look to an unconventional source to find it: states’ climate budgets.
February 22, 2022Minnesota Trucking Leaders Set Effort for Lawmakers to Meet With Local Fleets
With state fleet leaders’ annual trip to the U.S. Capitol disrupted due to COVID-related visitation limits, the Minnesota Trucking Association is instead inviting federal leaders to meet trucking executives on their home turf.
February 22, 2022Consumer Confidence Drops to Five-Month Low in February
U.S. consumer confidence fell in February to the lowest since September as expectations for growth and financial prospects softened amid decades-high inflation.
February 22, 2022US House, Senate Negotiate Semiconductor Production Bill
Legislation that would dedicate $52 billion to boost the country’s role as a semiconductor manufacturer amid a supply chain crisis is expected to be a main item on Congress’ agenda over the coming weeks.
February 22, 2022