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The gross domestic product of the United States shrank a record-setting 32.9% in the second quarter, tracking closely with economists’ expectations.

There is mounting evidence that the U.S. Environmental Protection Agency’s low oxides of nitrogen proposed rule, already months behind schedule, will not be completed until after the November elections, according to trucking industry and environmental group sources.

The U.S. economy shrank at a dizzying 32.9% annual rate in the April-June quarter — by far the worst quarterly plunge ever — when the viral outbreak shut down businesses, throwing tens of millions out of work and sending unemployment surging to 14.7%, the government said July 30.

The COVID-19 pandemic prompted several congressional transportation leaders to examine the Federal Emergency Management Agency’s ability to assist citizens during events that impede access to freight and passenger corridors.

The FBI issued a cautionary notice warning truckers that cyber criminals could target electronic logging device vulnerabilities as a means of seizing business information, but industry experts note that hackers have as yet not found a way to crack into ELD data.

WASHINGTON — The Federal Reserve expressed concern July 29 that the viral outbreak will act as a drag on the economy and hiring in the coming months and said it plans to keep its benchmark short-term interest rate pegged near zero.

BILLINGS, Mont. — U.S. energy consumption plummeted to its lowest level in more than 30 years this spring as the nation’s economy largely shut down because of the coronavirus, federal officials reported July 29.

Oil was propped up by the biggest decline in U.S. crude stockpiles this year, signaling a bright spot in a market weakened by the COVID-19 pandemic.

President Donald Trump said that Republicans and Democrats aren’t close to resolving their differences over a coronavirus stimulus package, and that Congress may need to pass some stopgap measures to prevent aid from running out.

Earlier this month, local letter carriers were told to delay delivering mail in order to save money for the United States Postal Service, a direction that apparently came from top federal officials to mail carriers throughout the country.