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Fed Keeps Benchmark Interest Rate at 5.4%

WASHINGTON — The Federal Reserve kept its key short-term interest rate unchanged Nov. 1 but left the door open to further rate hikes if inflation pressures should accelerate.

November 1, 2023

Air and Ocean Freight Deal With Fluctuating Volumes in 2022

2022 saw an eastern shift in container shipping within the United States, while airfreight volumes dipped across North America.

November 3, 2023

FMCSA Grant Helps West Virginia Report CMV Crashes

West Virginia will use an FMCSA grant for $140,729 to provide more accurate and timely data to state law enforcement about commercial motor vehicle safety accidents.

November 1, 2023

Schumer Wants FTC to Examine Exxon, Chevron Acquisitions

Senate Majority Leader Chuck Schumer is urging the Federal Trade Commission to look into whether Exxon Mobil and Chevron’s proposed oil and gas acquisitions could violate antitrust laws.

November 1, 2023

USDOT Grants $82.6 Million for Road Safety in 46 States

The U.S. Department of Transportation announced it awarded $82.6 million in road safety planning grants to 46 states, including projects involving truck freight.

November 1, 2023

Business Group Estimates 403,000 Clean-Energy Jobs From IRA

A nonpartisan group that advocates for clean energy estimates that 403,000 jobs will be created by the 210 major energy projects announced since the Inflation Reduction Act took effect.

November 1, 2023

Tesla Wins First Jury Trial Over Fatal Autopilot Crash

Tesla Inc. convinced a California jury that its Autopilot technology wasn’t responsible for a crash that killed a California driver four years ago, the jury announced on Oct. 31.

October 31, 2023

Georgia Port Expanding to Become Country’s Largest Auto Port

On Oct. 30, Georgia Ports Authority CEO Griff Lynch highlighted expansion projects that will allow the Port of Brunswick to surpass Baltimore as the nation’s top port for automobile shipping as early as 2026.

October 31, 2023

Jack Cooper Making $2 Billion Bid for Bankrupt Yellow

Jack Cooper Transport is reportedly making a nearly $2 billion bid to snatch up the assets of Yellow, the trucking firm that collapsed in late July and filed for bankruptcy.

October 31, 2023