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The Biden administration announced a plan May 5 to begin purchasing oil to refill the nation’s emergency reserve.

U.S. productivity dropped in the first quarter by the most since 1947 as the economy shrank, while labor costs surged and illustrated an extremely tight job market.

LONDON — OPEC and allied oil-producing countries decided May 5 to gradually increase the flows they send to the world, even as Europe’s plan to sanction Russian oil threatens to yank millions of barrels off a global market already thirsty for crude.

A federal proposal to consider requiring speed limiters on new commercial trucks has drawn mixed reactions from trucking and safety groups.

Nearly five years after it was mandated by Congress to go into effect, federal trucking regulators have yet to establish a “beyond compliance” program to offer motor carriers some sort of extra credit or reward for early adoption of safety technologies or fatigue management programs.

The Federal Reserve delivered the biggest interest-rate increase since 2000 and signaled it would keep hiking at that pace over the next couple of meetings, unleashing the most aggressive policy action in decades to combat soaring inflation.

With the traditional start of the busy summer driving season fast approaching, congressional leaders are taking aim at rising gasoline prices.

LAS VEGAS — As large corporations make bold pledges to achieve carbon neutrality in the coming decades, they are increasingly looking at their supply chains as an opportunity to make progress toward those goals.

The new Joint Office of Energy and Transportation has helped 44 states in the past two months with technical assistance as part of the White House’s $7.5 billion deployment to build a national electric vehicle charging network.