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.
Canadian Border Agency Staff Ratifies Labor Agreement
Unionized Canadian border agency staff members have ratified a tentative collective bargaining agreement.
Congressional Republicans Target EPA Rule
Senior congressional Republicans recently called on the Biden administration to abandon an emissions rule EPA issued earlier this year specific to the freight sector.
TSMC Hits $1 Trillion in Market Value on Relentless AI Rally
Taiwan Semiconductor Manufacturing Co. briefly surpassed $1 trillion in market capitalization after Morgan Stanley joined a list of brokers boosting price targets on the chipmaker.
July 8, 2024Devon to Buy Williston Basin Oil Assets in $5 Billion Deal
Devon Energy Corp. agreed to acquire the Williston Basin business of Grayson Mill Energy for $5 billion as consolidation continues in the U.S. oil patch.
Maersk Warns of Shipping Delays Due to Extreme Weather
A.P. Moller-Maersk A/S warned extreme weather conditions and a storm surge lashing the South African coast are expected to cause shipping delays.
Idaho Offers Alerts to Carriers of Driver Record Changes
The Idaho Transportation Department is offering motor carriers an online service that issues alerts about driving license changes, such as expiration dates for CDLs.
GM to Forfeit Emissions Credits in Settlement With EPA
General Motors has agreed to settle allegations that nearly 6 million of its pickups and sport utility vehicles released more emissions than the company reported.
Houthi Threat Triggers Surge in Pirate Attacks Off Somalia
Attacks by Iran-backed Houthi militants on the Red Sea have reinvigorated piracy networks in Somalia, with criminal groups growing in both number and force, a European naval commander said.
US Trade Deficit Widens to Largest Since 2022
The U.S. trade deficit widened in May to the largest since 2022 as a decline in exports of merchandise exceeded a drop in imports.
Chinese Firms Eye Morocco to Cash In on US EV Subsidies
TANGIERS, Morocco — After the U.S. passed subsidies designed to boost domestic EV production and cut into Beijing’s supply chain dominance, Chinese manufacturers began investing in Morocco.