27 Aug Trucking Executives Get Regulatory Updates While the Biden administration has set an overarching outlook for changes to motor carrier regulations, the timing on when those changes may actually arrive is far from certain, trucking legal experts said during a recent industry conference. Read more...
27 Aug Trucker Tools Announces Integration With Port TMS Trucker Tools announced Aug. 26 a platform integration with transportation management software provider Port TMS. Read more...
27 Aug White House, DOT Tap John Porcari as Port Envoy to Address Supply Chain Issues The White House and the U.S. Department of Transportation announced Aug. 27 that John Porcari will serve as port envoy to the administration’s Supply Chain Disruptions Task Force. Read more...
27 Aug BYD Profit Falls 30% as Chip, Lithium Shortages Increase Costs BYD Co., the Chinese electric-vehicle and battery maker backed by Warren Buffett, said first-half earnings fell as shortages of chips and lithium increased costs. Read more...
27 Aug Toyota to Assemble Fuel Cell Modules in US for Heavy-Duty Trucks Toyota will begin assembling integrated dual fuel-cell modules in the United States starting in 2023. They are intended for use in hydrogen-powered, heavy-duty commercial trucks. Read more...
27 Aug Rivian Files for IPO Rivian Automotive Inc., the maker of electric pickups backed by Amazon.com Inc., has filed for an initial public offering and is seeking a roughly $80 billion valuation, according to people familiar with the matter. Read more...
27 Aug Powell Says Fed on Track to Slow Aid for Economy Later This Year WASHINGTON — The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve, Chair Jerome Powell said Aug. 27, signaling the beginning of the end of the Fed’s extraordinary response to the pandemic recession. Read more...
27 Aug Illinois Gov. J.B. Pritzker Signs Transportation Asset Management Plan Into Law Illinois Gov. Jay “J.B.” Pritzker has signed a law intended to improve transportation infrastructure while maximizing the effectiveness of taxpayer dollars. Read more...
27 Aug OPEC+ Expected to Stick to Planned Output Hike OPEC and its allies are expected to press on with their planned revival of oil production when they meet next week, as prices bounce back from their August stumble. Read more...
27 Aug North Dakota DOT Develops Freight Plan BISMARCK, N.D. — The North Dakota Department of Transportation is developing the State Freight & Rail Plan and has launched the project website. Read more...