General News
Maryland Leaders Push for Federal Aid
The governor of Maryland in pointed remarks challenged federal lawmakers to see for themselves the devastation wrought by the collapse of the Francis Scott Key Bridge.
Capitol Hill Republicans Press Acting Labor Secretary Su
During a U.S. House subcommittee hearing with acting Labor Secretary Julie Su on April 17, a Republican lawmaker on the panel raised concerns about a federal employee classification rule.
A Weakening Diesel Market Is Becoming a Problem for Oil
The global diesel market is deteriorating, a concerning economic signal and food for thought for bullish oil traders.
March Trailer Orders Continue Year-Over-Year Declines
U.S. trailer orders for March declined on both an annual and monthly basis, ACT Research reported.
Philadelphia Judge Rejects $25M Jury Verdict in Truck Crash
A state judge of the Philadelphia Court of Common Pleas in March erased a “clearly inappropriate” $25 million jury verdict for punitive damages in a 2019 truck-involved accident lawsuit.
US Has a Fast EV-Charging Station for Every 15 Gas Stations
Automakers may be pumping the brakes on EV production in the U.S., but charging challenges — traditionally a major hurdle to adoption — are vanishing at a rapid clip.
Ford’s Commercial Business Is Defying the EV Slump
Demand from fleet-based vehicle operators is a lone bright spot for the EV industry as global sales sputter.
US to Provide $6.1 Billion for Micron Technology Chip Plants
WASHINGTON — The Biden administration has reached an agreement to provide $6.1 billion in government support for Micron Technology to produce advanced memory computer chips.
Firms Fret Over Any Lengthy Baltimore Port Closure
The closure of the Port of Baltimore has so far not led to broad price increases, though firms are concerned about any extended shutdown, according to a Federal Reserve report.
US Reimposes Oil Sanctions on Venezuela
MIAMI — The Biden administration on April 17 reimposed crushing oil sanctions on Venezuela.
CSX Profit Drops 10% Despite 3% More Q1 Freight
CSX’s first-quarter profit slipped 10% even though the railroad delivered 3% more goods, as the mix of shipments it handled shifted toward less profitable items.
NYC Congestion Plan Adds Money to Offset N.J. Harm, MTA Says
New York City’s congestion pricing plan will now include funds to help alleviate potential pollution issues the new tolling program may spark in New Jersey.
Volvo Group Price Increases Aid Q1 Profits
Profits at truck maker Volvo Group in the first quarter of 2024 received a boost from price increases, even as orders and deliveries declined as expected.
Dali Owner Asks Cargo Owners to Help Cover Salvage Expenses
BALTIMORE — The owner of the massive containership that caused the deadly collapse of a bridge in March wants owners of the cargo on board to cover some of the salvage costs.
Virginia Touts Robust Economic Growth in Richmond Region
Virginia state and Henrico County officials touted a series of grand openings, including an Amazon robotics fulfillment center and a Coca-Cola Consolidated distribution facility.
House GOP to Prioritize Infrastructure in Funding Bills
The transportation funding subcommittee in the U.S. House will promote connectivity projects while focusing on taxpayers, its new leadership said this month.
House Transportation Committee Reviews AI Applications
WASHINGTON — The House transportation panel recently received an overview from stakeholders about artificial intelligence’s role within connectivity corridors.
Five Auto Haulers to Merge as Backer Files for IPO
Five auto carriers look set to merge, with the combined entity likely to then add to its assets by buying up competitors, if an initial public offering pans out as planned, according to a U.S. Securities and Exchange Commission filing.
US to Reimpose Venezuela Oil Ban Unless Maduro Acts Quickly
President Joe Biden’s administration intends to reimpose oil sanctions on Venezuela if Nicolas Maduro’s regime does not take steps to honor an agreement to allow a fairer vote in elections.
Tesla Wants Shareholders to Reinstate $55B Package for Musk
AUSTIN, Texas — Tesla will ask shareholders to reinstate a $55 billion compensation package for CEO Elon Musk that was rejected by a judge in Delaware this year.