Fed Raises Key Rate by Quarter-Point Despite Bank Turmoil
WASHINGTON — The Federal Reserve extended its yearlong fight against high inflation March 22 by raising its key interest rate a quarter-point.
Minnesota’s Tim Walz Signs Catalytic Converter Law
Minnesota Gov. Tim Walz signed legislation to crack down on catalytic converter theft in the state, the latest in a series of moves by state lawmakers to help residents combat what
Port Leaders to Stress Facilities’ Role in Supply Chain
Port leaders from around the nation will be in Washington on March 27-29 for the annual Legislative Summit hosted by American Association of Port Authorities.
VTNA Supplier to Open North American HQ in Virginia
A European-based component supplier to Volvo Trucks North America is locating its new North American headquarters near the vehicle maker’s production factory in Virginia’s New
Ford Tiptoes Toward a Big Reveal of EV Losses
Ford Motor Co.’s Jim Farley was told recently of a survey that found investors overwhelmingly believe legacy automakers can’t be cost competitive with Tesla Inc.
Cooking Oil Shortage Looms as Biofuels Gain Appeal
A global biofuel boom is set to drive a shortage of vegetable oils — used for cooking and now increasingly to power trucks and planes — intensifying a debate over food versus f
Biden Limits US Funds for China Chipmakers
The Biden administration is unveiling tight restrictions on new operations in China by semiconductor manufacturers that get federal funds to build in the U.S.
Norfolk Southern Receptive to Some New Safety Regulations
Norfolk Southern’s CEO is offering support for parts of a Senate bill to apply tougher safety regulations to railroads, but does not address several key provisions of the Railway
Infrastructure Council Presses White House on Cybersecurity
At a meeting this month of the National Infrastructure Advisory Council, the group proposed a need for drills and exercises designed to enhance cybersecurity.
FedEx Freight’s Courville Claims Grand Champion Title
Eric Courville’s victory in the sleeper vehicle division at the Louisiana Truck Driving Championships marked the beginning of the road to the national event in August.