Oil tumbled below $40 a barrel for the first time in a month, with a sell-off in equities and a stronger dollar exacerbating demand concerns as a lackluster summer driving season draws to a close.
September 4, 2020Search
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Kansas DOT Opens Application Window for Cost Share Program
The Kansas Department of Transportation is accepting applications for its popular Cost Share Program, which provides funding for transportation projects.
September 4, 2020Unemployment Rate Drops by More Than Expected to 8.4%
The U.S. labor-market rebound extended for a fourth month in August, offering hope that the economy can continue to recover despite a persistent pandemic and Washington’s standoff over further government aid to jobless Americans and small businesses.
September 4, 2020Kentucky Officials Announce Funds for Industrial Access Roads
Kentucky officials recently announced funding will be directed to industrial access road infrastructure projects to promote economic development and the movement of freight.
September 4, 2020FMCSA Pilot Would Allow Younger Drivers in Interstate Commerce
The Federal Motor Carrier Safety Administration has announced a proposal and request for comment on a new pilot program to allow drivers ages 18-20 to operate commercial motor vehicles in interstate commerce.
September 4, 2020Tech Rout Sends Stock Market to Biggest Loss Since June
Wall Street’s euphoria took a break Sept. 3, as steep losses in technology stocks dragged the rest of the market down with them.
September 3, 2020DOT Releases National Freight Strategic Plan
U.S. Department of Transportation officials convened virtually to unveil the comprehensive National Freight Strategic Plan on Sept. 3.
September 3, 2020Trucking Surges as Capacity Tightens Amid Continued Pandemic
More than six months into the COVID-19 pandemic the trucking industry’s health is stronger than the U.S. economy, as segments used in final-mile delivery, e-commerce, and deliveries to grocery stores and hospitals thrive.
September 3, 2020Freight Market Could Be Shifting in Favor of Carriers
The freight market could be shifting toward carriers after favoring shippers the past two years.
September 3, 2020US Trade Deficit Surges in July to Highest in 12 Years
The U.S. trade deficit surged in July to $63.6 billion, the highest level in 12 years, as imports jumped by a record amount.
September 3, 2020