Rivian Eyes New Debt Deal
(Hannah Elliott/Bloomberg News) JPMorgan Chase & Co. is leading a potential high-yield bond sale for electric vehicle manufacturer Rivian Automotive Inc., partly to refinance its upcoming debt, according to people familiar with the transaction. The company aims to raise as much as $2 billion, in part to replace existing bonds ...more
GSA to Spend $3.4 Billion to Update 26 Land Ports of Entry
Replacing pavement at Otay Mesa land port of entry in California is the latest of 50 modernization projects the General ...more
Georgia, Nebraska Extend Trucking-Related Executive Orders
Earlier emergency orders have been extended in Georgia for supply chain and oversize permits and in Nebraska for driving hours ...more
Customs and Border Protection to Test New Supply Chain Identifiers for Imports
The Office of Trade at U.S. Customs and Border Protection is launching a testing project for a global business identifier ...more
November Classes 4-7 Sales Dip 2.5%, Second-Least in 2022
November U.S. retail sales of Classes 4-7 trucks overall fell 2.5%. It was the second-smallest decline this year, which so ...more
Expansion Plan Announced for Port of New Orleans
U.S. port capacity is going to get significantly bigger in Louisiana. Gov. John Bel Edwards, the Port of New Orleans ...more