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The International Monetary Fund cut its global outlook for this year and next, warning that a U.S. government default could seriously damage the world economy, Bloomberg News reported.

President Obama nominated Janet Yellen, the Federal Reserve’s vice chairwoman, to be the first female chairwoman of the nation’s central bank, the Associated Press reported.

The Montana Department of Transportation has authorized issuing guns to some commercial vehicle inspectors, a decision that has drawn opposition from the state’s trucking industry.

The Pipeline and Hazardous Materials Safety Administration has issued a rule reaffirming that agency inspectors have the right to open in-transit packages that they suspect do not comply with hazmat regulations or present a potential safety hazard.

The Federal Motor Carrier Safety Administration would be blocked from implementing or enforcing regulations on sleep disorders of commercial truck drivers that are not adopted in a rulemaking process under a Senate-passed bill that has been sent to President Obama for his signature, Bloomberg News reported.

The Federal Motor Carrier Safety Administration has enacted a multipart rule that increases the maximum fines that can be assessed against regulations violators and allows the agency to place a fleet out of service if its trucks are operated without Department of Transportation registration.

Load-board activity as reported by DAT Trendlines showed a 1.5% dip in loads for the week of Sept. 22-28 compared with the previous week.

The opening days of the sad soap opera being played out on Capitol Hill apparently did little damage to the nation’s freight distribution system, according to what industry executives told our reporters last week.

American Trucking Associations and several oil producer and user trade groups have asked an appeals court to reconsider a three-judge appeals panel’s ruling upholding California’s low-carbon fuel standard.