Job Growth Softens, Misses Estimates
U.S. job growth unexpectedly softened in April from the prior month, suggesting that difficulty attracting workers is slowing momentum in the labor market.
May 7, 2021Electric Truck Startup Einride Raises $110 Million
Swedish electric-truck startup Einride AB has raised $110 million from investors, including the venture capital arm of the world’s largest shipping company, A.P. Moller-Maersk A/S, to expand its logistics business in Europe and in the U.S.
May 7, 2021Managing Financial Risk During COVID
A financial services adviser urged trucking companies to learn as much as possible about new and existing customers’ ability to pay their bills, as navigating the post-pandemic economy will bring with it new challenges.
May 7, 2021Biden Pushes for His Infrastructure Plan in GOP Stronghold
With a badly aging bridge as his backdrop, President Joe Biden stood in reliably Republican Louisiana on May 6 to pressure GOP lawmakers to support his $2.25 trillion infrastructure plan — and yet express a willingness to compromise on the corporate tax hikes he’s recommending to pay the cost.
May 6, 2021Senate Bill Calls for Removing Personal Information From International Moving Shipping Manifests
Bipartisan legislation has been introduced in the Senate that would require scrubbing such personal information as social security and passport numbers on shipping manifests for military and government personnel moving to the U.S. from overseas before the information is sold to data brokers.
May 6, 2021US LNG Players Tout Carbon Capture in Bid to Boost Green Image
U.S. LNG developers seeking to burnish their green credentials and boost their competitiveness on a crowded global stage are touting a costly and largely untested technology: carbon capture.
May 6, 2021Trucking Growth Expected to Be Strong Amid Recovery, Expert Says
Economic recovery in the wake of the COVID-19 pandemic is putting pressure on the freight-hauling sector, and an industry expert said changes brought on by virus-related cutbacks are contributing to a tightening market that could rival earlier periods of growth.
May 6, 2021House Committee, White House Prepare for Highway Bill’s Consideration
The White House intends to schedule meetings with transportation leaders next week before the congressional committees’ consideration of multiyear highway policy bills.
May 6, 2021VW Raises Full-Year Outlook, Warns of Growing Chip Shortage
Volkswagen AG raised its earnings outlook after a strong start to the year, while cautioning that the semiconductor shortage rippling through the industry will become more pronounced in the second quarter.
May 6, 2021Hub Group Reports Q1 Revenue, Profit Gains
Hub Group posted large first-quarter gains in profits and revenue, reflecting a strong freight market.
May 6, 2021