CBO Projects 4.6% Growth, Jobs Lag in 2021
The U.S. economy is projected to grow at a robust 4.6% annual rate this year, but employment isn’t expected to return to pre-pandemic levels until 2024, the Congressional Budget Office said Feb. 1.
February 1, 2021What We Know About the Economy in 2021
2021 welcomes a new administration and offers a new climate in which to negotiate freight hauling, but it must also contend with some of 2020's ailments, including a continuing pandemic and the wildly disparate performance of different business sectors. ATA Chief Economist Bob Costello joins TT's Dan Ronan to discuss this interesting economic moment and what it means for the trucking industry.
February 1, 2021Coal to Exit US Power System by 2033, Morgan Stanley Says
Coal is on track to disappear from the U.S. power grid by 2033 as the push for a carbon-free electricity system gains strength, according to Morgan Stanley.
February 1, 2021Construction Spending Up 1% in December, Led by Housing
WASHINGTON — U.S. construction spending rose a moderate 1% in December as the number of new homes offset a sustained weakness in nonresidential construction.
February 1, 2021Mack Trucks Names New Regional Vice Presidents
Mack Trucks appointed Zach Bourn regional vice president of the U.S. western region and Jeff Oldham regional vice president of the U.S. central region.
February 1, 2021DTNA Finish First to Expand to East Coast
Daimler Trucks North America and Universal Technical Institute are expanding DTNA Finish First to UTI’s Orlando campus in summer 2021.
February 1, 2021Factories Grow at Slower Pace in January
SILVER SPRING, Md. — American factories grew in January, but at a slower pace than December.
February 1, 2021Battery Maker Microvast Agrees to Merger With Tuscan SPAC
Battery maker Microvast Inc. will go public via a merger with blank-check company Tuscan Holdings Corp. in a deal that values the combined company at $3 billion.
February 1, 2021Intermodal Council Scores Win in Latest Round of Ongoing Case Against Ocean Carriers
The Federal Maritime Commission judge overseeing the $1.8 billion case between the Intermodal Motor Carriers Conference of American Trucking Associations and the Ocean Carriers Equipment Management Association has rejected OCEMA’s appeal to have the case stayed.
February 1, 2021Daseke Net Income Climbs Despite Revenue Decline
Daseke Inc. saw its fourth-quarter results swing to a profit from a year-ago loss, even as revenue declined.
January 29, 2021