Exxon CEO Denies Spreading Climate Change Disinformation
ExxonMobil’s chief executive said Oct. 28 that his company “does not spread disinformation regarding climate change,” as he and other oil company chiefs countered congressional allegations the industry concealed evidence about the dangers of global warming.
October 28, 2021Supply Chain Woes Threaten to Drive Up Clean-Power Costs
Bottlenecks in the global supply chain threaten to drive up renewable-power costs, reversing a decadelong trend that made wind and solar mainstream.
October 28, 2021Trucking School Executive Sentenced in $4 Million Fraud Scheme
A California trucking school executive has been sentenced to 15 months in federal prison for his role in a fraud scheme to siphon off more than $4 million in veterans GI Bill funding to pay students who never attended classes.
October 28, 2021Norfolk Southern Reports Record Q3 Results
Atlanta-based Class I railroad Norfolk Southern reported record third-quarter results on Oct. 27, exceeding Wall Street’s expectations, even as railroad officials said freight growth is being hampered by supply chain disruptions at seaports, intermodal facilities and in trucking.
October 28, 2021Pelosi Seeks Infrastructure Vote Today, but Progressives Resist
House Speaker Nancy Pelosi (D-Calif.) is pressuring House Democrats to pass the bipartisan infrastructure bill as soon as today but is running into stiff opposition from progressives, who want to see the legislative text of a larger tax and spending package first.
October 28, 2021Schneider Reports 147% Jump in Earnings for Q3
Schneider National saw third-quarter earnings surge 147% from last year, using its “scaled and diversified platform” to deliver solutions, the carrier reported Oct. 28.
October 28, 2021GM Factory ZERO Grand Opening Event Marks Automaker's Growth in EV
General Motors will host the grand opening of Factory Zero in Detroit-Hamtramck next month to start building new electric vehicles, the automaker said Oct. 27.
October 28, 2021US Posts Weakest GDP Growth of Pandemic Recovery
U.S. economic growth slowed more than expected in the third quarter to the softest pace of the pandemic recovery period as snarled supply chains and a surge in COVID-19 cases throttled spending and investment.
October 28, 2021Biden Heads to Capitol to Push Agenda, Unite Democrats
President Joe Biden headed to Capitol Hill early Oct. 28 to make the case to House Democrats for a dramatically scaled-back domestic policy package, $1.75 trillion of social services and climate change programs the White House believes can pass the 50-50 Senate.
October 28, 2021ATA Addresses Key Issues at MCE
NASHVILLE, Tenn. — Trucking industry leaders addressed key challenges including a worsening labor shortage and supply chain bottlenecks and looked forward to a long-sought win on infrastructure funding during American Trucking Associations’ 2021 Management Conference & Exhibition.
October 28, 2021