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Airlines Rally as They See Path to Profit Despite Fuel Jump

U.S. airline stocks climbed as the carriers said they will trim flying to remain on track toward profits even as fuel prices soar.

March 15, 2022

$1.5 Trillion Funding Bill Backs Freight Programs

A $1.5 trillion fiscal 2022 bill that ensures funding for the federal government, including the U.S. Department of Transportation, has been signed by President Joe Biden.

March 15, 2022

Diesel Adds to Record High, Hitting $5.25 a Gallon

The national average price of diesel recorded its second dramatic spike in as many weeks, this time 40.1 cents to reach $5.25 a gallon, according to Energy Information Administration data released March 14.

March 15, 2022

Treating Sleep Apnea for Truck Drivers Remains a Thorny Issue

Researchers believe many truck drivers on U.S. highways have untreated sleep apnea, which remains a public safety danger and a serious driver health issue.

March 14, 2022

Review Sought on USPS Decision to Buy Gas-Powered Trucks

House Democrats are asking the U.S. Postal Service’s inspector general to investigate the agency’s decision to replace its mail-truck fleet with almost all gasoline-powered models, a move that paved the way for a contract with Wisconsin military truck maker Oshkosh Corp. worth as much as $6 billion.

March 14, 2022

China’s COVID Lockdowns Could Threaten Half of Economy

Widespread lockdowns in China akin to the measures just taken in the southern technology hub of Shenzhen could affect half of the country’s gross domestic product, with negative implications for economies elsewhere too.

March 14, 2022

Biden’s Oil Demands Collide With Drillers Reining In Output

The war in Ukraine has touched off a feud between the White House and U.S. oil industry as many companies reap record profits from rising prices despite pumping less crude than before the pandemic, leaving American consumers beset by surging gasoline costs.

March 11, 2022

Senate Gives Final Approval to $1.5 Trillion Budget Bill

WASHINGTON — A $13.6 billion emergency package of military and humanitarian aid for besieged Ukraine and its European allies easily won final congressional approval March 10, hitching a ride on a government-wide spending bill that’s five months late but loaded with political prizes for both parties.

March 11, 2022

US Slashes Russia Trade Status

WASHINGTON — President Joe Biden announced March 11 the U.S. will dramatically downgrade its trade status with Russia as punishment for its invasion of Ukraine and also ban imports of Russian seafood, alcohol and diamonds.

March 11, 2022