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To continue its push to alleviate freight bottlenecks nationwide, the U.S. Department of Transportation announced a series of grants for commercial maritime operations and freight hubs along key parts of the supply chain.

Legislation targeting staged vehicle collisions and fraudulent claims affecting the motor carrier industry was recently introduced in the U.S. House of Representatives.

WASHINGTON — Under Chair Jerome Powell, the Federal Reserve is poised this week to execute a sharp turn toward tighter interest rate policies with inflation accelerating and unemployment falling faster than expected.

Near-shoring is one of the biggest economic transformations sparked by the pandemic: Shrink the length of the supply chain to keep production closer to its final destination and reduce the risk of some snag messing things up along the way.

WASHINGTON — Prices at the wholesale level surged by a record 9.6% in November from a year earlier, an indication of ongoing inflation pressures.

The national average price for diesel dipped 2.5 cents to $3.649 a gallon, according to Energy Information Administration data released Dec. 13.

The Biden administration on Dec. 13 released a federal strategy to build 500,000 charging stations for electric vehicles across the country and bring down the cost of electric cars with the goal of transforming the U.S. auto industry.

The head of the nation’s second-largest bank said consumers are spending “at a faster rate” than he has ever seen, but he remains concerned about how inflation and supply chain issues will influence the economy going into the winter.

The first major update of U.S. international ocean-shipping laws in more than two decades, which passed in the House this week, will help boost transparency in the industry if passed by the Senate, the head of the Port of Los Angeles said.