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GovernmentBusinessTechnologyEquipment

Mercedes to Build Its Own EV Charging Network

Mercedes-Benz says it will build its own worldwide electric vehicle charging network starting in North America in a bid to compete with EV sales leader Tesla.

January 5, 2023
GovernmentBusinessSafetyLogistics

FMCSA Proposes Financial Security Requirements for Freight Forwarders

The Federal Motor Carrier Safety Administration has issued a proposed rule that establishes financial security requirements for freight forwarders, taking further action on legislation that stretches back more than a decade.

January 5, 2023
SafetyFuel

Colonial Shuts Key Fuel Line to New York Harbor After Spill

Colonial Pipeline Co. halted operations on a critical conduit that supplies fuel to the U.S. Northeast, the latest disruption to energy flows following an outage on the Keystone oil pipeline in December.

January 5, 2023
BusinessTechnology

Tesla’s Board Takes Heat Over CEO Succession Planning

Tesla Inc.’s board of directors is facing mounting pressure to prove just how prepared they are for the potential loss of Elon Musk, the erratic CEO largely behind the breakneck rise and dramatic fall in the company’s valuation.

January 5, 2023
GovernmentBusinessTechnologyEquipment

EV Tax Credit Rulings Please Some Automakers, Exclude Others

The U.S. government has angered Tesla Inc.’s Elon Musk and handed welcome news to other automakers like Hyundai Motor Co. with guidance on which electric vehicles will qualify for tax credits in the coming months.

January 5, 2023
BusinessTechnologyEquipment

Auto Sales Fell 8% in 2022 Amid Supply Chain Struggles

Shortages of computer chips and other parts continued to hobble the U.S. auto industry last year, contributing to vehicle sales dropping 8% from 2021 to their lowest level in more than a decade.

January 5, 2023
BusinessLogisticsPrivate

Amazon to Slash More Than 18,000 Jobs in Escalation of Cuts

Amazon.com Inc. is laying off more than 18,000 employees — the biggest reduction in its history — in the latest sign that a tech-industry slump is deepening.

January 5, 2023
GovernmentBusiness

Labor Data Surprises as Job Market Runs Hotter Than Forecast

Data released Jan. 5 reinforced the strength of the labor market, with hiring at U.S. companies far exceeding expectations and applications for jobless benefits falling to a three-month low.

January 5, 2023
GovernmentSafetyLogistics

FHWA Announces $2.1 Billion for Four Large Bridge Projects

President Joe Biden on Jan. 4 visited the worn-out Brent Spence Bridge in Kentucky as part of the administration’s renewed push to highlight the bipartisan infrastructure law.

January 5, 2023
GovernmentBusinessSafetyLogisticsTCA

Biden, McConnell Announce $1.4 Billion Brent Spence Bridge Grant

Efforts to improve the Brent Spence Bridge in northern Kentucky took a step forward on Jan. 4 when President Joe Biden announced a nearly $1.4 billion grant toward the Brent Spence Bridge project.

January 4, 2023

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