On Friday, the National Highway Traffic Safety Administration (NHTSA) issued a new corporate average fuel economy (CAFE) schedule to increase mileage efficiency for passenger cars and trucks. The proposal is now open for a 60 day comment period. The proposal calls for improving fuel efficiency for:
Passenger cars by 2 percent per year for model years 2027-2032. Light trucks by 4 percent per year for model years 2027-2032. Heavy duty pick-up trucks and vans by 10 percent per year for model years 2030-2035.
NHTSA has also proposed alternatives and requested comments on those. The alternatives for passenger cars are, instead of a 2 percent per year increase, a 3 percent and 6 percent increase; for light duty trucks, instead of a 4 perc...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...