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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.

Eugene Mulero | Senior Reporter
April 18, 2024

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.

Connor D. Wolf | Staff Reporter
April 18, 2024

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.

Eric Miller | Senior Reporter
April 18, 2024

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.

Kyle Stock | Bloomberg News
April 18, 2024

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.

Keith Naughton | Bloomberg News
April 18, 2024

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.

Josh Boak | The Associated Press
April 18, 2024

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.

April 18, 2024

US Reimposes Oil Sanctions on Venezuela

MIAMI — The Biden administration on April 17 reimposed crushing oil sanctions on Venezuela.

April 18, 2024

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.

Josh Funk | Associated Press
April 17, 2024