Business

The U.S. economy is poised for a strong recovery in the third quarter, provided the number of people being given the COVID-19 vaccine significantly improves and Congress and the White House reach a COVID relief package.

Emergency aid for the transit and aviation sectors was approved in legislation advanced by the transportation committee in the U.S. House of Representatives Feb. 10.

Truck dealership Rush Enterprises reported net income rose and revenue slipped in the fourth quarter.

Applications for U.S. state unemployment insurance fell slightly last week while claims for federal benefits swelled, illustrating the persistent challenges in the system of delivering financial aid to the nation’s jobless.

Texas and Ohio, which serve as important freight hubs, earned mediocre grades on the infrastructure report cards recently issued by the American Society of Civil Engineers.

The Biden administration is working to address the global semiconductor shortage that has caused auto manufacturers and other U.S. industries to halt production, a White House official said.

Mullen Group reported a gain in profit for the fourth quarter although revenue continues to fall because of the COVID-19 pandemic.

President Joe Biden urged Congress to move quickly on a large infrastructure improvement plan in a meeting Feb. 11 with four senators, declaring that China is poised to “eat our lunch” otherwise.

Volkswagen AG and Microsoft Corp. are expanding their cooperation involving the U.S. software giant’s cloud technology to include speeding up development of automated driving.

Uber Technologies continued to post large losses in the fourth quarter, but said its freight business is growing quickly yet remains unprofitable.