Major Investment in Texas Samsung Chip Manufacturing by Biden Administration
The Biden administration has committed up to $6.4 billion to help Samsung Electronics set up a major computer chip manufacturing hub in Texas.
TSMC's Arizona Expansion Boosted by U.S. Government Funding
Taiwan Semiconductor Manufacturing Co. (TSMC), a global leader in semiconductor fabrication, is set to receive a significant boost in the U.S. with up to $6.6 billion in funding from the U.S. government.
Biden Commits to Federal Funding for Baltimore Bridge Reconstruction Amid Criticism
After the recent collapse of the Francis Scott Key Bridge in Baltimore due to a container ship collision, resulting in six deaths, President Biden announced the federal government's commitment to fully fund the bridge's reconstruction.
Alaska's Transportation Plan Rejected, Risking Billions in Federal Grants
Federal officials have turned down Alaska's multi-year transportation plan, risking delays in summer construction and jeopardizing billions in federal grants.
FTA Allocates $110 Million in Emergency Relief Funds
The U.S. Department of Transportation's Federal Transit Administration (FTA) has approved nearly $110 million in funding for public transportation providers and state Departments of Transportation in various states and a U.S. territory.
Federal Funding Injected to Address Truck Parking Shortages Across the U.S.
The U.S. Department of Transportation has allocated a whopping $292 million in federal funding to support infrastructure projects aimed at enhancing truck drivers' access to safe parking.
Yellow Corp. Continues Asset Sales, Generating Over $82 Million from Terminal Leases
The U.S. Bankruptcy Court has given the green light to Yellow Corp.'s sale of 23 terminal leases to various buyers, totaling $82.89 million.
Warren Buffets Company Completes Acquisition of Pilot Travel Centers
Warren Buffett's Berkshire Hathaway has completed its acquisition of the final 20% stake in Pilot Travel Centers, a major truck-stop operator.
Biden Administration Allocates $3 Billion in Federal Funds to Troubled California High-Speed Rail Project
The Biden administration is providing California with over $3 billion in federal funds for its high-speed rail project, which has faced extensive delays and budget overruns.
US to Fund $553 Million Container Terminal Project in Sri Lanka Amid Global Competition with China
The United States has announced a $553 million project to construct a deep-water shipping container terminal in Sri Lanka's Port of Colombo.
President Biden Announces $16 Billion Investment in Northeast Corridor Rail Upgrades
The federal government plans to allocate over $16 billion to enhance the Northeast Corridor, the busiest rail line in the country, connecting cities like Washington, New York, and Boston.
Orsted Scraps New Jersey Wind Farms Amidst Financial Setbacks in US Offshore Wind Industry
Danish company Orsted has abandoned plans to construct two wind farms off the coast of New Jersey, resulting in potential write-offs of up to $5.6 billion.
President Biden Announces Over $5 Billion in Investments for Rural America's Prosperity and Sustainability
President Biden has unveiled a series of investments totaling over $5 billion as part of his commitment to rural America.
Record $1 Billion Loan Considered by U.S. for Nevada's Massive Lithium Mine
The U.S. Energy Department is currently engaged in discussions to potentially provide a record-breaking $1 billion loan to the developer of one of the largest lithium deposits in the United States.
McCarthy's Rejection of Senate Funding Bill Raises Shutdown and Credit Downgrade Risks
House Speaker Kevin McCarthy has rejected a Senate stopgap funding bill, thereby escalating the risk of a fourth partial U.S. government shutdown in a decade.
Auto Workers' Strike Puts Small Suppliers at Risk With Heightened Financial Strain
The ongoing United Auto Workers' strike against major automakers is significantly impacting small suppliers, with some at risk of shutting down due to the disruption.
$1.4 Billion Committed to Enhance Rail Safety and Bolster Supply Chain
The Biden administration has allocated over $1.4 billion for railway safety and capacity enhancement projects across 35 states and Washington.
U.S. Announces $12 Billion Fund for Advanced Vehicles and Suppliers
The U.S. Energy Secretary Jennifer Granholm revealed plans for the Biden Administration to allocate $12 billion in loans and grants to automakers and suppliers, aimed at facilitating the transformation of their facilities to produce electric vehicles (EVs) and other advanced vehicle technologies.
California Governor Announces $1.5 Billion Investment to Build Sustainable and Efficient Supply Chain
California Governor Gavin Newsom has unveiled a comprehensive investment plan of over $1.5 billion to enhance the state's supply chain infrastructure.
Amazon Explores Crowd-Sourcing eFulfillment to Local Businesses
Amazon is exploring a new eFulfillment strategy called Amazon Hub Delivery, which aims to utilize small businesses as delivery partners to expand its fulfillment reach.