US Jobless Claims Tick Down to 411,000 as Economy Heals
The number of Americans applying for unemployment benefits dropped in the week ended June 19, a sign that layoffs declined and the job market is improving.
June 24, 2021Senators Bringing Bipartisan Infrastructure Deal to Biden Today
WASHINGTON — A bipartisan group of senators reached a tentative framework on a $953 billion infrastructure deal June 23 ahead of a crucial meeting with President Joe Biden at the White House.
June 23, 2021FET on Heavy-Duty Trucks Deters Sales, ATD Says
Industry-led attempts to repeal the 12% federal excise tax on heavy-duty trucks, which also covers trailers more than 26,000 pounds, went — yet again — to Capitol Hill.
June 23, 2021US June Manufacturing Index at Record High, Services Dip
A measure of U.S. manufacturing activity expanded in June at the fastest pace in records dating back to 2007, fueled by easing pandemic restrictions and a strengthening domestic economy.
June 23, 2021Suez Canal, Ever Given Ship Owners Reach Compensation Deal
Egyptian officials and owners of the giant Ever Given vessel that blocked the Suez Canal earlier this year have reached a preliminary deal over compensation, according to the ship’s representatives.
June 23, 2021California Trucking Association to Take AB 5 Case to Supreme Court
The California Trucking Association on June 21 learned that the 9th U.S. Circuit Court of Appeals will not reconsider its earlier rejection of CTA’s challenge to a state independent contractor law. CTA plans to appeal its complaint to the nation’s highest court.
June 22, 2021Colonial Pipeline Sued for Gas Crisis From Ransomware Attack
Colonial Pipeline Co. was sued by a gas station seeking to represent thousands more over the ransomware attack in May that paralyzed the U.S. East Coast’s flow of gasoline, diesel and jet fuel.
June 22, 2021Massachusetts' $2.65 Billion Capital Plan Includes Funds for Transportation
Massachusetts leaders recently announced a $2.65 billion Capital Plan, which includes millions for improving transportation infrastructure and bottlenecks.
June 22, 2021China Trucking Startup Full Truck Alliance Raises $1.6 Billion in US IPO
Full Truck Alliance Co., an Uber-like trucking startup, has raised $1.6 billion after pricing its U.S. initial public offering at the top of a marketed range, in one of the biggest listings stateside by a Chinese company this year.
June 22, 2021Amazon Might Have to Sell Logistics Business Under Bill
Amazon .com Inc. could be forced to sell its valuable logistics services division — the network of warehouses and delivery hubs around the country that power quick delivery of online orders — under antitrust legislation proposed by a congresswoman from Amazon’s hometown of Seattle, according to a spokesman for the lawmaker.
June 22, 2021