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PacLease, a full-service truck rental and leasing company, reached the milestones of 40 years in business and 40,000 trucks being used.

Federal Reserve Chairman Jerome Powell said the U.S. economy faces a deep downturn with “significant uncertainty” about the timing and strength of a recovery.

Northwest Equipment Sales has opened a dealership in Burbank, Wash., that offers brands from Mack Trucks and Volvo Trucks North America.

U.S. retail sales jumped in May by the most on record and double forecasts, regaining more ground than expected after unprecedented drops the prior two months as states allowed more merchants to reopen.

The national average price of diesel has increased seven-tenths of a cent to $2.403, according to the Energy Information Administration.

The U.S. Department of Transportation has launched a program to increase transparency and inform members of the public about automated vehicle technologies.

The Federal Reserve said June 15 that it will begin buying individual corporate bonds under its Secondary Market Corporate Credit Facility, an emergency lending program that to date has purchased only exchange-traded funds.

Hundreds of driverless cars have been tested in locations across the U.S. in recent years, but standards are inconsistent and in a handful of cases there have been accidents and even a death.

Amazon.com Inc. told congressional investigators examining the market power of the largest technology companies that it would make CEO Jeff Bezos available to testify.