House Republicans Demand Answers on Delayed Small Business Tax Credit Claims Processing
House Republicans are pressing the IRS for answers regarding the delay in processing new claims for the pandemic-era small business tax credit known as the employee retention credit (ERC).
Maritime Industry Adopts Wind Power Innovations
The maritime industry is increasingly turning to wind power as an eco-friendly alternative for its vessels.
U.S. Department of Transportation Forges Ahead with Mandatory AEB Systems for Heavy Trucks
Despite opposition from truckers and numerous negative comments, the U.S. Department of Transportation (DOT) is moving forward with its plan to mandate automatic emergency braking (AEB) systems on heavy trucks.
Temporary Workers' Struggles Highlight UAW's Push for Equity in the Auto Industry
Rhonda Naus, who began as a temporary worker inspecting Jeep Wranglers at Stellantis, expected her role to become permanent with better pay.
Lynn Fritz, CEO of Fritz Companies, Honored in Supply Chain Hall of Fame
Lynn Fritz, Chairman and CEO of Fritz Companies, has received the 2023 Supply Chain Hall of Fame Inductee award from the Council of Supply Chain Management Professionals (CSCMP).
AB5 Impacts Small-Business Truckers, Warns OOIDA
The Owner-Operator Independent Drivers Association (OOIDA) has voiced concerns that California's Assembly Bill 5 (AB5), intended to address the misclassification of truck drivers, has actually burdened legitimate independent contractors.
Electric Cars Face Backlash in Both the U.S. and Europe
Former U.S. President Donald Trump and conservative politicians in Europe are intensifying their criticism of electric cars, making it a campaign issue on both sides of the Atlantic.
Private Sector Job Growth slowed sharply in September, Marking the Slowest Pace Since 2021
In September, U.S. companies added only 89,000 jobs, well below the expected 153,000 and a significant drop from August's revised 180,000.
Small Businesses Express Concerns to Fed's Powell About Inflation and Interest Rates
Federal Reserve Chair Jerome Powell and Patrick Harker, head of the Federal Reserve Bank of Philadelphia, visited York, Pennsylvania, to hear the concerns of small-business owners grappling with inflation, high interest rates, labor shortages, and post-pandemic economic challenges.
China Handled Over 200 Million TEUs in the First Eight Months of 2023
China has achieved a remarkable feat by handling over 200 million TEUs (Twenty-foot Equivalent Units) in container throughput from January to August 2023, showcasing its robust maritime strength with a 4.8% year-on-year increase.
Freight Industry Recovery Could Extend Until 2025
Economic analysts predict that the freight market's weak conditions could persist until late 2025, based on the presentation of weak U.S. economic data at the Journal of Commerce Inland Distribution Conference.
GM Announces Layoffs of 164 Additional Workers Amid UAW Strike
General Motors (GM) has laid off more employees due to the ongoing United Auto Workers (UAW) strike, bringing the total number of furloughed workers related to the strike to over 2,100.
Harnessing the Power of Mexico Nearshoring for Supply Chain Success
The article discusses the impact of supply chain disruptions and the potential benefits of nearshoring, particularly in Mexico, for U.S. importers.
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.
Werner Enterprises Takes a Cautious Approach to Electric Truck Adoption
Werner Enterprises Inc. is approaching the adoption of electric trucks cautiously due to financial concerns and infrastructure challenges, according to Chairman, President, and CEO Derek Leathers.
Biden Administration Proposes Gulf of Mexico Oil and Gas Lease Sales Amid Climate Balancing Act
The Biden administration has proposed up to three oil and gas lease sales in the Gulf of Mexico but none in Alaska, aiming to strike a balance between energy production and climate concerns.
BlackRock CEO Larry Fink Expresses Concern Over Lack of Hope Amidst High Levels of Fear in Financial Markets
BlackRock CEO Larry Fink, a prominent figure on Wall Street, has expressed concern over the high levels of fear he's witnessing among consumers and businesses, which he says is missing the essential ingredient of hope for a healthy financial outlook.
Gasoline Prices Soar in California Due to Crude Oil Costs and Refinery Disruptions
Gasoline prices in California have surged to an average of $6.08 per gallon, up 15% from a month ago, largely due to a spike in crude oil costs and refinery output disruptions.
Elon Musk Visits Texas-Mexico Border, Calls for Immigration Reform
Billionaire Elon Musk visited the Texas-Mexico border to meet with local officials and law enforcement, seeking an "unfiltered" understanding of the immigration situation.
National Parks Face Shutdown Threat Amidst New Closure Strategy
National parks across the United States are at risk of closure due to a potential government shutdown if Congress fails to avert it.