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WASHINGTON — Consumer spending was flat in May while incomes dropped for a second month as the impact of the government’s individual impact payments waned. Inflation, however, posted a sizable gain of 0.4%.

FedEx Corp. reported a surge in bottom-line results for its fiscal fourth quarter as e-commerce continued to fuel demand for the company’s services.

A U.S. appeals court has issued an opinion in favor of U.S. Xpress Enterprises in a class-action case in which California truck drivers argued they should have been paid for nondriving work time, even while under a piece-rate basis agreement with the carrier to transport a load.

The logistics sector continues to demonstrate the perseverance that carried it through the toughest days of the economic downturn that accompanied the coronavirus pandemic, the Council of Supply Chain Management Professionals said in a recent report.

Self-driving truck technology company Embark Trucks Inc. has entered into a definitive business combination agreement with Northern Genesis Acquisition Corp. II, a special purpose acquisition company.

The U.S. economy grew at a solid 6.4% rate in the first three months of the year, setting the stage for what economists believe may be the strongest year for the economy in about seven decades.

Crude oil inventories in America’s largest storage hub are falling fast as the post-pandemic demand rebound continues to outpace production.

President Joe Biden announced on June 24 that “we have a deal,” signaling a bipartisan agreement on a $953 billion infrastructure plan that would achieve his top legislative priority and validate his efforts to reach across the political aisle.

WASHINGTON — Funding to expand parking facilities for truck drivers around the country is included in comprehensive highway policy legislation expected before the U.S. House of Representatives during the week of June 28.

The U.S. merchandise-trade deficit widened more than forecast in May as the value of imports rose to near-record levels and exports declined.