Business

Yokohama Tire Corp. announced it promoted Jeff Barna to CEO in addition to his role as president, effective March 30. It was one of several organizational moves announced by the company.

The Biden administration is outlining ambitions to dramatically boost offshore wind power in the U.S. by 2030, pushing to drive construction of projects at sea capable of generating enough electricity for more than 10 million American homes.

The Securing America’s Clean Fuels Infrastructure Act, recently introduced by a bipartisan group of senators, would aim to boost investments, including extending current tax incentives for projects through 2029.

Ship congestion outside the biggest U.S. gateway for Asian imports worsened from a week ago, highlighting a headwind facing American companies just as a pileup around the Suez Canal had threatened to tangle Europe’s supply chains.

The average price of a used Class 8 vehicle in February rose 17.9% to nearly $50,000 compared with a year earlier, as year-over-year sales rose, too, ACT Research reported.

Willard Nearhoof, a driver for Pitt Ohio, was selected as Maryland’s 2020 Truck Driver of the Year.

WASHINGTON — President Joe Biden will lay out the first part of his multitrillion-dollar economic recovery package this week, focusing on rebuilding roads, bridges and other infrastructure, followed by a separate plan later in April addressing child and health care.

A new panel of truckers will advise American Trucking Associations’ federation on ways to “grow and strengthen” relationships between the trucking industry and law enforcement organizations nationwide.

Electric vehicle maker Rivian Automotive is borrowing a page from Tesla Inc. and building an exclusive, fast-charger network for its coming R1T pickup and R1S SUV.