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US Housing Starts Surge by Most Since 2016, Permits Climb

U.S. home construction starts increased in July by more than forecast and applications to build surged by the most in three decades, indicating builders are responding to robust housing demand fueled by record-low interest rates.

August 18, 2020

Black Horse Carriers Joins Penske’s Electric Vehicle Program

Penske Truck Leasing announced that dedicated fleet services company Black Horse Carriers has joined its electric vehicle program.

August 17, 2020

Pelosi Calls House Back Into Session to Vote on Postal Bill

Speaker Nancy Pelosi is calling the House back into session over the crisis at the U.S. Postal Service, setting up a political showdown amid growing concerns that the Trump White House is trying to undermine the agency ahead of the election.

August 17, 2020

US Seizes Four Iranian Tankers Carrying Fuel to Venezuela

The U.S. seized four tankers carrying Iranian gasoline bound for Venezuela in an unprecedented move by the Trump administration that carries the potential to destabilize global oil shipments if Iran retaliates.

August 14, 2020

US Industrial Production Up 3%; Factory Output Rises 3.4%

American industry continued to regain ground lost in the coronavirus recession last month, but production remains well below where it was before the pandemic struck.

August 14, 2020

Port of Los Angeles Chief Says China to Miss Agriculture Target

The head of the U.S.’ busiest port said China is on track to buy less than one-third of the American agricultural products it promised to purchase in 2020, the first year of a trade pact between the world’s biggest economies.

August 14, 2020

Rebound in US Retail Sales Slowed in July Amid Virus Surge

The rebound in U.S. retail sales slowed in July by more than expected, indicating a surge in coronavirus cases and still-high unemployment cooled the economic recovery.

August 14, 2020

Demand for Freight Drives Up Spot Market Rates

Trucking has seen a turnaround bolstered by spot market rates and increased demand.

August 13, 2020

Uber, Lyft Denied Extended Delay of Driver Labor Ruling in California

Uber Technologies Inc. and Lyft Inc. failed to persuade a judge to put an extended hold on his order converting their California drivers to employees while they appeal.

August 13, 2020