Frothy Cargo Market Spurs Vessel Owners to Flip Ships
Flip this ship. That’s exactly what some containership owners are opting to do, capitalizing on a hot ocean freight market that shows few signs of cooling off.
March 3, 2021Jigar Shah to Run Energy Loan Office
The U.S. Energy Department has appointed Jigar Shah, a clean-power pioneer who helped bring solar into the mainstream, to run the loan-program unit that backed Tesla Inc. and failed solar manufacturer Solyndra.
March 3, 2021UPS Ships Out First Batch of Johnson & Johnson Vaccine
UPS Inc. began shipping out its first batch of Johnson & Johnson vaccines March 2, now that the single-dose vaccine for the coronavirus has emergency use authorization.
March 2, 2021Rhode Island Gov. Gina Raimondo Confirmed as Commerce Secretary
Gina Raimondo easily won Senate confirmation as Commerce secretary, placing the Rhode Island governor at the heart of President Joe Biden’s efforts to revive the U.S. economy and confront alleged unfair trade practices by China.
March 2, 2021Trottenberg Mum on Highway Funding Details
Polly Trottenberg, nominated to be deputy secretary at the U.S. Department of Transportation, told senators March 3 she was unable to disclose details about the Biden administration’s highway-funding plans.
March 2, 2021American Petroleum Institute Mulls Embrace of Carbon Pricing
The American Petroleum Institute is considering throwing its weight behind a government-imposed price on carbon dioxide emissions as a way to slow global warming, a major policy shift by the oil industry’s top trade group.
March 2, 2021Hertz Eyes Bankruptcy Exit Via $4.2 Billion Stake Sale
In a deal to jettison itself from under bankruptcy protection, Hertz said March 2 that it may sell a controlling stake in the company to two investment firms for $4.2 billion.
March 2, 2021Railroads Told to Turn Over Evidence in Fuel Surcharge Suit
In a move that could help speed up the path to a trial, a District of Columbia federal judge ruled in a multidistrict federal lawsuit that more than 200 shippers are entitled to pursue certain evidence to support their allegation that the four largest Class I railroads may have conspired to fix fuel surcharge prices.
March 2, 2021Lawmakers Reintroduce Bill Promoting Women in Trucking
A group of lawmakers has reintroduced legislation that aims to support women entering the trucking industry.
March 2, 2021Progressives Propose Wealth Tax to Fund Infrastructure
Sen. Elizabeth Warren said her proposed wealth tax on households worth more than $50 million could help pay for investments in infrastructure, child care and health reforms as part of President Joe Biden’s plan to “Build Back Better” after the coronavirus pandemic that has disproportionately hit low-income families.
March 1, 2021