Business

WASHINGTON — The U.S. economy grew at an annual rate of 4.3% in the final three months of 2020, slightly faster than previously estimated.

WASHINGTON — The number of people seeking unemployment benefits fell sharply last week to 684,000, the fewest since the pandemic erupted a year ago and a sign that the economy is improving.

WASHINGTON — Transportation Secretary Pete Buttigieg is warning that the country’s infrastructure needs exceed $1 trillion and that other countries, namely China, are pulling ahead of the U.S. with their public works investments, a scenario he describes as “a threat to our collective future.”

A huge backlog of ships was building up around the Suez Canal for a third day as an elite salvage team set about the monumental challenge of freeing the container vessel that’s blocking the crucial waterway.

Congestion at the nation’s ports will likely continue well into the year as February container numbers show a heavy volume of imports at the Pacific and Atlantic facilities.

Bosch Research announced that recent accident data it studied pointed to significant potential reductions in injuries and deaths, and to the cost savings that could result from equipping Classes 7-8 vehicles with advanced driver assistance systems focused on a truck’s position in a lane.

The U.S. Department of Transportation has begun the process of undoing a set of Trump-era regulations that ground agency work with industry to a halt and threatened to slow adoption of major policy goals of the Biden administration.

XPO Logistics will open an automated logistics facility in Clayton, Ind., at one of the state’s major logistics hubs in Hendricks County. The new facility is expected to employ 800 people and become fully operational sometime this summer, according to XPO.

Over Valentine’s Day dinner last year, Randy Clifton and his wife, Karyn, decided the fate of the trucking company that had been Randy’s pride and joy for a decade. Unfortunately, they had to close down.

When American Bulk Commodities acquired DSI Bulk Transport earlier this year, it was a deal that ABC President Mark Carrocce said dovetailed nicely with his company's business philosophy.