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US Incomes Fall in June as One-Time Stimulus Boost Fades

U.S. incomes fell more than expected in June as the effects of the government’s one-time stimulus checks dissipated, though an increase in unemployment-insurance payments pointed to the importance of expiring federal relief.

July 31, 2020

UPS Leaders Share Practices to Mobilize Against Human Trafficking

Companies’ efforts to combat human trafficking should be rooted in education and the support of leadership teams, according to executives from UPS Inc.

July 31, 2020

Tech Leads Stock Rebound From Lows Amid Earnings

Stocks pared losses as a rally in big technology companies tempered concern over a slow economic rebound. After the close of regular trading, Apple Inc., Amazon .com Inc., Alphabet Inc. and Facebook Inc. jumped as results crushed Wall Street estimates.

July 30, 2020

Q2 GDP Drops a Record 32.9%, but Trucking Holding Steady

The gross domestic product of the United States shrank a record-setting 32.9% in the second quarter, tracking closely with economists’ expectations.

July 30, 2020

EPA’s National NOx Proposal Headed for Another Delay

There is mounting evidence that the U.S. Environmental Protection Agency’s low oxides of nitrogen proposed rule, already months behind schedule, will not be completed until after the November elections, according to trucking industry and environmental group sources.

July 30, 2020

US Economy Shrank at Record-Breaking 33% Rate Last Quarter

The U.S. economy shrank at a dizzying 32.9% annual rate in the April-June quarter — by far the worst quarterly plunge ever — when the viral outbreak shut down businesses, throwing tens of millions out of work and sending unemployment surging to 14.7%, the government said July 30.

July 30, 2020

House Lawmakers Examine FEMA’s Disaster Response Policies

The COVID-19 pandemic prompted several congressional transportation leaders to examine the Federal Emergency Management Agency’s ability to assist citizens during events that impede access to freight and passenger corridors.

July 30, 2020

FBI Warns Truckers That Hackers Could Target ELD Data

The FBI issued a cautionary notice warning truckers that cyber criminals could target electronic logging device vulnerabilities as a means of seizing business information, but industry experts note that hackers have as yet not found a way to crack into ELD data.

July 30, 2020

Fed Sees Dim Economic Outlook as Virus Squeezes Economy

WASHINGTON — The Federal Reserve expressed concern July 29 that the viral outbreak will act as a drag on the economy and hiring in the coming months and said it plans to keep its benchmark short-term interest rate pegged near zero.

July 29, 2020

US Energy Use Hit 30-Year Low in Pandemic Shutdowns

BILLINGS, Mont. — U.S. energy consumption plummeted to its lowest level in more than 30 years this spring as the nation’s economy largely shut down because of the coronavirus, federal officials reported July 29.

July 29, 2020