New-home sales in the U.S. increased to an almost 13-year high in June, fueled by record-low borrowing costs and adding to evidence that residential real estate is a bright spot for the economy.
July 24, 2020Search
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DOT Releases Policy Document on Emerging Tech Engagement
Transportation Secretary Elaine Chao on July 23 unveiled guidelines that technology innovators can follow to help them engage with the federal government as they develop new projects.
July 23, 2020ATA Meets With OMB to Discuss Hair Sample Testing Rule
A new federal drug-testing law for truck drivers that has been held up at the White House for more than a year may finally be poised for advancement, according to an executive from American Trucking Associations who recently met with officials from the Office of Management and Budget.
July 23, 2020Toll Roads With Fewer Cars an Unlikely Haven for Bond Buyers
Municipal-bond investors are scouring for pockets of the $3.9 trillion market that are a haven from the coronavirus and its recession. Turns out toll roads may be a safe bet.
July 23, 2020Mnuchin Says Payroll Tax Holiday Not in Next Stimulus Bill
A payroll tax holiday sought by President Donald Trump won’t be in the next stimulus package, but may be in follow-up virus relief legislation, Treasury Secretary Steven Mnuchin said.
July 23, 20201.4 Million Seek Jobless Aid, First Increase Since March
The number of laid-off Americans seeking unemployment benefits rose last week for the first time since the pandemic struck in March, evidence of the deepening economic pain the outbreak is causing to the economy.
July 23, 2020Fiat Chrysler, Iveco Offices Searched in Emissions Probe
FRANKFURT, Germany — Investigators searched offices of automaker Fiat Chrysler and truck maker Iveco in Germany, Switzerland and Italy on July 22 as part of an investigation into suspected illegal manipulation of diesel emissions.
July 22, 2020Pennsylvania Turnpike Commission Approves Another Toll Hike
In keeping with a decadeslong pattern, the Pennsylvania Turnpike Commission has approved a toll rate increase for 2021.
July 22, 2020Baker Hughes Bracing for Second Wave of COVID-19 Lockdowns
Baker Hughes Co. is bracing for a second wave of pandemic-induced lockdowns after the virus crippled economic activity around the world and compounded a historic oil bust.
July 22, 2020DOD Re-Awards $7.2 Billion Household Goods Moving Contract
The Department of Defense has re-awarded a $7.2 billion household goods moving contract just two weeks after it had pledged to take corrective action on the contested award by two competitors.
July 22, 2020