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US Jobless Claims Resume Drop in Sign of Gradual Improvement

The number of Americans applying for jobless benefits resumed its decline, signaling a gradual improvement in the battered labor market.

September 17, 2020

White House Telegraphs Willingness to Increase Stimulus Offer

The White House strongly signaled Sept. 16 that it is willing to increase its offer in talks with Democrats and that Senate Republicans should go along in order to seal a stimulus deal in the next week to 10 days.

September 16, 2020

Arizona, Wisconsin Earn 'C' Grades on ASCE Report Cards

The American Society of Civil Engineers infrastructure report cards for Wisconsin and Arizona reflected mediocre cumulative grades.

September 16, 2020

Trucking Targets 'Nuclear' Verdicts

The trucking industry is making gains in its fight against the plaintiffs bar and the increasing size of jury verdicts levied against motor carriers, but those in the trenches say the battle is not over.

September 16, 2020

Senate Panel Advances USDOT IG Nominee Eric Soskin

Eric Soskin, the nominee to become the watchdog at the U.S. Department of Transportation, received approval by a Senate panel Sept. 16.

September 16, 2020

Fed Signals Rates Will Stay Near Zero for at Least Three Years

The Federal Reserve left interest rates near zero and signaled it would hold them there through at least 2023 to help the U.S. economy recover from the coronavirus pandemic.

September 16, 2020

DOT Announces $1 Billion in BUILD Grants

Transportation Secretary Elaine Chao announced that $1 billion in funding has been awarded through the Better Utilizing Investments to Leverage Development program.

September 16, 2020

Hurricane Sally Unleashes Flooding Along the Gulf Coast

Hurricane Sally lumbered ashore in Alabama with 105 mph winds and torrential rain Sept. 16, swamping homes and trapping people in high water along the Gulf Coast as it crept inland for what could be a long, slow and disastrous drenching across the Deep South.

September 16, 2020

Retail Sales Rise for 4th Straight Month as Growth Slows

Americans kept spending in August, but the pace of that growth is slowing as millions of people who lost jobs have now lost a $600-a-week boost in their unemployment checks.

September 16, 2020

FedEx Posts Strong Quarterly Earnings, Fueled by E-Commerce

A huge surge in e-commerce deliveries to homes and businesses because of the COVID-19 pandemic boosted FedEx Corp.’s fiscal first-quarter earnings when the delivery giant reported its financials Sept. 15.

September 15, 2020