Shippers Remain in Control of Rates, but 2023 Could Bring Balance

By |2022-12-29T12:14:00-05:00December 29th, 2022 at 12:14 PM|Trucking News|

Shippers are in the driver’s seat as spot and contract rates continue to soften, but industry analysts said rates likely will stabilize throughout 2023. “Shippers have substantially more market power now than they did a year ago, and carriers are more interested in locking in volumes. This means contract rates are going to be going ...more

Kansas to Overhaul 33 Local, Off-System Bridges

By |2022-12-29T11:59:00-05:00December 29th, 2022 at 11:59 AM|Trucking News|

Kansas officials announced $40.5 million in funding to overhaul 33 local and off-system bridge projects across the state. About 26% of the 19,300 bridges on local road systems in Kansas — around 5,000 in total — are in poor condition or unable to meet current weight and vehicle requirements, the state said. “These bridge programs ...more

Treasury Delays Final Rules on Manchin EV Tax Credit to March

By |2022-12-29T11:46:00-05:00December 29th, 2022 at 11:46 AM|Trucking News|

The U.S. Treasury Department sketched out its interpretation of content requirements for electric vehicle tax credits in President Joe Biden’s signature climate bill, while delaying final rules until March of next year. The action intends to provide enough clarity for automakers to move forward with supply chain investments, while giving Treasury officials more time to ...more

Treasury Signals Opening for Foreign Carmakers on EV Subsidy

By |2022-12-29T11:46:00-05:00December 29th, 2022 at 11:46 AM|Trucking News|

The U.S. Treasury Department signaled some imported cars will qualify for electric vehicle tax credits in the Inflation Reduction Act, a move that could assuage Asian and European allies’ concerns about the sweeping climate legislation. The Treasury sketched out its interpretation of content requirements for electric vehicle tax credits Dec. 29, while delaying final rules ...more

Florida’s Blue Innovations Group Betting on Electric Boats

By |2022-12-29T11:14:00-05:00December 29th, 2022 at 11:14 AM|Trucking News|

As Tesla helped usher in electric cars, a Tampa Bay, Fla., company seeks to do the same for boating. Blue Innovations Group, founded by former Tesla global head of manufacturing Chuan “John” Vo, is working out of Pinellas Park on a 30-foot-long boat powered by only electricity. In January, Blue Innovations Group will debut the ...more

Texas Schools Awarded Grants for Trucking Vocations

By |2022-12-29T10:30:00-05:00December 29th, 2022 at 10:30 AM|Trucking News|

Educational grants for careers as truck drivers and diesel mechanics are among $54 million in awards by the Texas Workforce Commission to schools to buy equipment and expand job options for students. “Texas continues to cultivate a highly skilled, diverse workforce through major investments in career and technical education training programs for our students,” Gov. ...more

DOE Boosts Hydrogen Efforts With $750 Million in Funding

By |2022-12-29T05:07:00-05:00December 29th, 2022 at 5:07 AM|Trucking News|

The U.S. Department of Energy announced it intends to issue $750 million in funds to dramatically lower the cost of hydrogen technologies for heavy-truck fuel cells as well as hydrogen delivery and storage. “By investing in the cutting-edge research and development necessary to making market-ready clean hydrogen a reality, DOE is delivering on President [Joe] ...more

Go to Top