The national average price of diesel dropped 10.7 cents in its third consecutive decline, according to Energy Information Administration data released July 11.
July 11, 2022GovernmentBusiness
Fed Official Says Solid Economy Can Handle Rising Rates
WASHINGTON — Last week’s jobs report points to a solid U.S. economy with little sign of a recession on the horizon and one that can withstand higher interest rates, St. Louis Federal Reserve president James Bullard said July 11.
July 11, 2022GovernmentBusinessFuel
US to Urge India, Japan to Back Plan for Cap on Russia Oil Price
U.S. Energy Secretary Jennifer Granholm will use talks with nations including India and Japan to rally support for a new effort aimed at capping prices for Russian oil.
July 11, 2022GovernmentBusinessSafety
PennDOT’s Bridge Tolling Plan Dealt Crushing Legal Blows
Pennsylvania’s governor, General Assembly legislators and a judge dealt legal blows to permanently stop the state Department of Transportation’s effort to toll nine bridges to create revenue for repairs.
July 11, 2022GovernmentBusiness
US Employers Add a Solid 372,000 Jobs
WASHINGTON — America’s employers shrugged off high inflation and weakening growth to add 372,000 jobs in June, a surprisingly strong gain that will likely spur the Federal Reserve to keep sharply raising interest rates to cool the economy and slow price increases.
July 8, 2022GovernmentFuel
EIA Reports $5.675 National Diesel Price After Three-Week Delay
The U.S. Energy Information Administration on July 7 released fuel prices covering a three-week reporting delay, and the national average price for diesel fell 10.8 cents to $5.675 in its second straight decline.
July 7, 2022GovernmentBusinessTechnology
Congress Eyes Semiconductor Bill, Nominations This Summer
Before the August recess, congressional leaders intend to finalize supply chain-centric legislation as senators prepare to vote on nominees for senior roles at the U.S. Department of Transportation.
July 7, 2022Government
FHWA Announces Plan for States, Localities to Track GHG Emissions
The Federal Highway Administration has announced a notice of proposed rulemaking for states and municipalities to track and reduce greenhouse gas emissions.
July 7, 2022GovernmentSafety
House Readies Consideration of FY23 Transportation Bill
Legislation that would ensure funding for operations at the U.S. Department of Transportation in fiscal 2023 has been cleared for a vote on the floor of the U.S. House of Representatives.
July 7, 2022GovernmentBusinessEquipmentSafety
California’s AB 5 Goes Into Effect, Leaves Questions for Carriers, Owner-Operators
Now that the U.S. Supreme Court has declined to review a challenge to a controversial California law aimed at reclassifying owner-operators as motor carrier employees, carriers and independent contractors could soon be thrust into an uncertain business environment.
July 7, 2022