Orders placed with U.S. factories for core capital goods rose by more than expected in July, pointing to sustained demand for equipment despite higher interest rates and concerns about a weakening economy.
August 24, 2022Transportation Compliance News
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.
DOT Awards $4.8 Million for Regional Infrastructure Projects
Regional infrastructure projects in California, Ohio, New Mexico, New York and Texas are getting a $4.8 million boost from U.S. Department of Transportation grants to speed up planning and preliminary design and engineering.
August 24, 2022Musk Doesn’t Want to Hear Complaints About Driving System
Elon Musk doesn’t want to hear complaints from customers trying out the driver-assistance system that Tesla Inc. plans to start charging $15,000 for in the coming weeks.
August 24, 2022Canada, Germany Aim to Start Hydrogen Shipments in 2025
STEPHENVILLE, Newfoundland — The leaders of Germany and Canada said Aug. 23 a new hydrogen pact will kick-start a transatlantic hydrogen supply chain, with the first deliveries expected in just three years.
August 24, 2022Toyota Backs Down in Fight Against California Emission Rules
Toyota Motor Corp. agreed to recognize California’s authority to set its own auto emission standards, ending a standoff stretching back to the Trump administration.
August 23, 2022Biden Administration Lowers Deficit Forecast by $400 Billion
WASHINGTON — The Biden administration is forecasting that this year’s budget deficit will be nearly $400 billion lower than it estimated back in March, due in part to stronger than expected revenues, reduced spending and an economy that has recovered all of the jobs lost during the multiyear pandemic.
August 23, 2022Inflation Reduction Act Offers Incentives to Increase Electric Truck Adoptions
For those motor carriers seeking to begin or continue their fleet conversions to electric trucks, new federal legislation will offer significant financial assistance.
August 23, 2022Business Activity Contracts for Second Straight Month
U.S. business activity contracted for a second straight month in August, reflecting softer demand at both manufacturers and service providers and adding to concerns about the health of the overall economy.
August 23, 2022Gas Prices Fall for 70 Straight Days
Gasoline prices in the U.S. have fallen for 70 days straight, the longest down streak since January 2015.
August 23, 2022Regional Variance Produces Tiny Drop in Diesel’s National Average
The price of diesel may be showing signs of leveling off after falling again for the ninth consecutive week, but by just two-tenths of a cent, thanks to noticeable regional disparities.
August 22, 2022Trending
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