North American Class 8 orders in December notched the fourth-highest volume ever as they surpassed 50,000 for the second consecutive month, according to ACT Research citing truck makers’ initial data.
Category: News
Top Senate Democrats Hopeful About Infrastructure Agenda Amid Political Turmoil
Lawmakers are working to shift attention from the contentious battle for the White House to legislative issues now that Congress has certified President-elect Joe Biden’s electoral college victory, and the outcomes of two Senate runoff elections in G…
Retrial of Former Pilot President Mark Hazelwood Is Likely, Attorney Says
Retrial of former Pilot Flying J President Mark Hazelwood, convicted of cheating truckers out of diesel fuel rebates, now appears likely, according to Hazelwood’s lead attorney.
Transportation Secretary Elaine Chao Resigns
Transportation Secretary Elaine Chao announced her resignation Jan. 7 on her Twitter account, one day after a mob of supporters of President Donald Trump stormed the U.S. Capitol Building.
Biden Taps Rhode Island Gov. Gina Raimondo as Commerce Chief, Source Says
President-elect Joe Biden has chosen Rhode Island Gov. Gina Raimondo as his nominee for commerce secretary, a person familiar with the matter said Jan. 7.
Initial Jobless Claims Remain Elevated Heading Into 2021
Applications for U.S. state unemployment benefits were little changed at elevated levels in the final week of 2020, indicating the labor market remains battered with the pandemic dragging on.
US Trade Gap Widened to Second-Biggest on Record in November
The U.S. trade deficit widened to the second-largest on record in November as merchandise imports reached a more than one-year high in the midst of the holiday shopping season, causing the shortfall in goods to climb to the highest yet.
BayoTech Receives More Equity Investment
BayoTech Inc., a developer of on-site hydrogen production systems, announced it received an equity investment of up to $157 million.
Democrats’ Senate Sweep in Georgia Signals Boost to Economy
Chances of another federal stimulus package got a boost as Democrats swept this week’s Senate runoff elections in Georgia, offering the prospect of more support for people and businesses hammered by the pandemic.
Sen. Tom Carper Urges Colleagues to Confirm Pete Buttigieg
The top Democrat on the committee on highway policy in the U.S. Senate is urging his colleagues to promptly confirm Pete Buttigieg as the country’s next transportation secretary.