Government
Transport Topics government and regulatory coverage keeps managers of a highly-regulated industry aware of the policy decisions that can shape their businesses. Covering both the legislative and regulatory aspects of policy-making, at both the state and national levels, the news in this category includes looks at infrastructure, hours of service, emissions rules, funding measures, leadership appointments, and more. Readers can follow what’s happening in Congress, at the Department of Transportation and the Federal Motor Carrier Administration, and in state and local governments.
Electric Vehicles Are Starting to Buoy the Global Metals Market
The market gloom over the metals that will power the cars of the future is starting to lift.
FHWA Announces Funding Opportunity for Technology Grants
The Federal Highway Administration recently announced the availability of $60 million in grant funding for groups working on projects that involve transportation technologies.
Diesel Continues Slow, Steady Upward Climb
The national average retail price of diesel rose for the fifth consecutive week, up seven-tenths of a cent to $2.437 a gallon.
McConnell Expects New Virus Relief Bill by End of Month
Senate Majority Leader Mitch McConnell predicted Congress will pass one final coronavirus rescue package later this month and appealed to everyone in public life to urge people to wear masks to control the spread.
US Stocks Rally, Sending Nasdaq to Record High
U.S. stocks jumped, with tech shares pushing the Nasdaq Composite to a record high. The dollar fell for a fifth day and Treasuries dipped.
Sen. Tom Carper Challenges Freight, Transit Committees to Craft Infrastructure Plans
Delaware Sen. Tom Carper, the Environment and Public Works Committee's ranking Democrat, recently reminded fellow senators in the Republican-led chamber about unfinished infrastructure business. Here's your Capitol Agenda look at the week ahead for trucking on Capitol Hill.
Oil’s Rally Falters in US With Summer Demand Looking Bleak
U.S. crude futures reversed course with investors concerned that lackluster demand through the summer months will weigh on the market’s recovery.
Judge Orders Dakota Access Pipeline Shut Down Pending Review
A federal judge on July 6 sided with the Standing Rock Sioux Tribe and ordered the Dakota Access pipeline to shut down until more environmental review is done.
CBO Trims GDP Forecast for 2020, Lifts 2021 Projection
The U.S. economy will see a slightly deeper contraction this year but a bigger rebound in 2021 than previously forecast, according to updated estimates from the Congressional Budget Office.
YRC Secures Funding Agreements With Lenders, Government
Less-than-truckload carrier YRC Worldwide Inc. has reached an agreement with its lenders that will extend until 2024 the terms of $580 million in loans it is using to help improve its business operations.