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Inflation Is Seen Pushing Online Holiday Sales to $1.2 Trillion

Online shoppers will be buying less this holiday season, but spending more.

September 29, 2021

Yellen Warns Delay in Raising Debt Limit Will Slow Economy

WASHINGTON — Treasury Secretary Janet Yellen sounded an urgent call Sept. 28 for Congress to raise the government’s borrowing limit, a day after Senate Republicans blocked consideration of a bill that would have done so.

September 28, 2021

Why and How the UK Is Experiencing a Fuel Crisis

LONDON — Long lines are snaking down streets across the U.K. as drivers struggle to fill up their cars, causing widespread traffic misery and worries over whether emergency services can do their work.

September 28, 2021

Colorado’s Central 70 Project Receives Federal Boost

A highway project vital to the flow of freight and commuters in Colorado will receive additional federal backing, the U.S. Department of Transportation announced recently.

September 28, 2021

Raimondo Says CEOs More Reasonable on Taxes Than Lobbyists

Commerce Secretary Gina Raimondo made a fresh pitch for President Joe Biden’s plan to raise corporate taxes, saying lower rates have failed to have much impact and that the chief executive officers she speaks to privately are “much more reasonable” on taxes than the trade groups who are aggressively lobbying against increases.

September 28, 2021

European Energy Prices Surge to Records as Supply Crisis Spreads

European energy markets from natural gas to carbon permits jumped to records, signaling the supply shortage will get worse just as the winter season starts. Stockpiles of everything from gas to coal and Norwegian water for electricity production are dwindling and there are few signs the situation will improve anytime soon as demand continues to roar back from a pandemic-driven lull.

September 28, 2021

Diesel Bumps Up 2.1¢ to $3.406 a Gallon

The national average price for diesel rose 2.1 cents to $3.406 a gallon, the first time it has eclipsed $3.40 in nearly seven years, according to Energy Information Administration data released Sept. 27.

September 27, 2021

West Coast Ports Need More Funds, Seroka Says

The federal government needs to invest more in West Coast ports, said the head of the Port of Los Angeles, which is the nation’s biggest gateway to Asia and is grappling with record backlogs.

September 27, 2021

Freight Groups Press Biden Administration on AV Policy

Freight stakeholders are calling on the U.S. Department of Transportation to proceed with implementing a regulatory framework for autonomous vehicle technology.

September 27, 2021