Second Railroad Union Rejects Deal, Adding to Strike Worries
A second railroad union rejected its deal with the major U.S. freight railroads on Oct. 26, reflecting workers’ increasing frustration with the lack of paid sick time in the industry and adding to concerns about the possibility of a strike next month that could cripple the economy.
October 26, 2022Government Awards $1 Billion to Schools for Electric Buses
Nearly 400 school districts spanning all 50 states and Washington, D.C., along with several tribes and U.S. territories, are receiving roughly $1 billion in grants to purchase about 2,500 “clean” school buses under a new federal program.
October 26, 2022PhilaPort Terminal Gets $20.3 Million Grant to Ease Truck Congestion
The Port of Philadelphia will have less truck congestion and more capacity thanks to a $20.3 million federal infrastructure grant award.
October 26, 2022The US Is Exporting Record Oil and Fuel Even as East Coast Faces Shortages
The U.S. exported a record amount of crude and fuel in mid-October, even as the East Coast grapples with shortages of both diesel and gasoline.
October 26, 2022Goods-Trade Deficit Widens for the First Time Since March
The U.S. merchandise-trade deficit widened in September for the first time in six months as imports grew and some exports plunged.
October 26, 2022EU, US Set Up Task Force to Resolve Electric Vehicle Feud
The U.S. and the European Union have set up a task force to resolve a dispute over electric vehicle batteries that the EU says would discriminate against manufacturers in the 27-nation bloc and break World Trade Organization rules.
October 26, 2022Buttigieg Promotes Trucking’s Economic Contributions
SAN DIEGO — Transportation Secretary Pete Buttigieg celebrated the contributions of the millions of commercial drivers who are engaged in advancing the country’s economy at American Trucking Associations' Management Conference & Exhibition Oct. 25.
October 25, 2022Trucking Positioned to Weather a Recession, Costello Says
SAN DIEGO — American Trucking Associations Chief Economist Bob Costello said Oct. 25 the trucking industry should be fairly well insulated from a potential recession in 2023.
October 25, 2022Hyundai Breaks Ground on $5.5 Billion Electric Car Plant in Georgia
Hyundai Motor Group broke ground in Georgia on Oct. 25 for its first U.S. plant dedicated to making electric vehicles.
October 25, 2022Trucking Companies Urged to Stay the Course if Recession Occurs
SAN DIEGO — With some economists predicting around a 50-50 chance of the U.S. economy sliding into a recession in the first half of 2023, a panel of experts at American Trucking Associations’ Management Conference & Exhibition urged trucking companies to prepare now for a possible economic downturn by maintaining strong levels of cash flow and — above all — avoiding panic if a recession takes hold.
October 25, 2022