White House Unveils Port Funding to Ease Supply Chain Congestion
BALTIMORE — The Biden administration is relying on infrastructure dollars to help fix the clogged ports and blanket the nation with internet access — but a series of initiatives rolled out on Nov. 9 show that the urgent pace might not be fast enough to address the immediate needs of an economy coping with a supply chain squeeze and a shift to remote work.
November 9, 2021Wabash Posts Higher Q3 Financials, Announces Name Change
Wabash, formerly known as Wabash National Corp., notched higher net income and revenue in the third quarter, citing increased shipments of new trailers, while its all-time high $1.9 billion backlog of orders rose 87% compared with a year earlier.
November 9, 2021Savannah Port Gets Funds to Expand Container Storage
The U.S. Department of Transportation will allow the Georgia Port Authority to build storage for shipping containers at sites near the Port of Savannah using $8 million in unspent federal grants, part of a new plan to relieve supply chain bottlenecks at U.S. ports.
November 9, 2021Equipment Manufacturers Shift to Counter Supply Chain Uncertainty
Some major equipment manufacturers said they are rethinking their operations and taking new steps to confront volatility in the supply chain.
November 9, 2021Congress Mandates New Car Tech to Stop Drunken Driving
WASHINGTON — Congress has created a new requirement for automakers: Find a high-tech way to keep drunken people from driving cars.
November 9, 2021Brent Spence Bridge May Finally Get Fix in $1 Trillion Bill
WASHINGTON — President Joe Biden on Nov. 8 launched his sales pitch for his recently passed $1 trillion infrastructure bill, predicting that a notoriously congested bridge that sits in Senate Republican leader Mitch McConnell’s backyard finally will get a long overdue overhaul.
November 9, 2021US Producer Prices Climb 0.6%, Adding to Inflation Concerns
Prices paid to U.S. producers accelerated in October, largely due to higher goods costs, fueling concerns about the persistence of inflationary pressures in the economy.
November 9, 2021Online Shoppers Face Increase in Out-of-Stock Goods
U.S. online shoppers looking to stock up for the holidays are finding that virtual store shelves keep getting emptier.
November 9, 2021Rivian IPO Puts Slow Race to Commercial EV to Public Market Test
Eleven years after Tesla Inc. went public with a market value of less than $2 billion, one of its most closely watched competitors is following in its tire treads with a much richer valuation.
November 9, 2021Biden Team Defends Vaccine Mandate, Wants Cases Combined
With its private employer vaccine mandate on hold, the Biden administration wants the multiple challenges to its workplace rule consolidated in a single federal court and has asked for a decision by early next week.
November 8, 2021