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Fed Raises Key Rate by Quarter-Point Despite Bank Turmoil

WASHINGTON — The Federal Reserve extended its yearlong fight against high inflation March 22 by raising its key interest rate a quarter-point.

March 22, 2023

VTNA Supplier to Open North American HQ in Virginia

A European-based component supplier to Volvo Trucks North America is locating its new North American headquarters near the vehicle maker’s production factory in Virginia’s New River Valley — a move that the state’s governor praised for bringing a jolt to the region’s business community.

March 22, 2023

Biden Limits US Funds for China Chipmakers

The Biden administration unveiled tight restrictions on new operations in China by semiconductor manufacturers that get federal funds to build in the U.S.

March 21, 2023

Infrastructure Council Presses White House on Cybersecurity

At a meeting this month of the National Infrastructure Advisory Council, the group proposed a need for drills and exercises designed to enhance cybersecurity.

March 21, 2023

UCR Fees to Decline by 9% in 2024, FMCSA Says

Fees for Unified Carrier Registration Plan participants in 2024 will be reduced by approximately 9% compared with 2023 fees, the Federal Motor Carrier Safety Administration announced.

March 21, 2023

Long Train Delays at Crossings Gets Supreme Court Attention

The U.S. Supreme Court has invited the federal government to weigh in on whether state and local governments can regulate how long trains can block railroad crossings.

March 20, 2023

Diesel Sheds 6.2¢ to $4.185

The national average price of diesel continued its descent, sliding 6.2 cents to $4.185 a gallon in its seventh straight decline, according to .

March 20, 2023

Pete Buttigieg Defends DOT Budget Request

Capitol Agenda: A hearing in the Senate this week to examine the White House’s fiscal 2024 budget request will feature Transportation Secretary Pete Buttigieg.

March 20, 2023

Ports of L.A., Long Beach Join Bid to Be Hydrogen Fuel Hub

The Los Angeles and Long Beach ports want to be part of a statewide clean hydrogen hub, through which they would get funding to test usage of the fuel to power trucking and terminal equipment.

March 17, 2023