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DOD Pulls Back $20 Billion Contract for Military Family Moves

Military officials have pulled back a sweeping multibillion-dollar contract intended to address military families’ long-standing problems with delays and damaged goods during their roughly 400,000 annual moves to assignments around the globe.

June 16, 2020

Iowa Transportation Commission Approves Five-Year Plan

The Iowa Transportation Commission recently approved the state’s transportation improvement program.

June 16, 2020

Powell Warns That Long Downturn Would Mean Severe Damage

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.

June 16, 2020

Retail Sales Soared a Record 17.7% in May, Double Forecast

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.

June 16, 2020

Average Price of Diesel Inches Upward by 0.7¢ to $2.403

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

June 15, 2020

DOT Launches AV TEST Initiative

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

June 15, 2020

Fed Will Begin Buying Broad Portfolio of Corporate Bonds

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.

June 15, 2020

Driverless Car Industry Gets a Nudge on Standards, Transparency

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.

June 15, 2020

Amazon Tells Congress Bezos Will Testify in Tech Power Probe

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.

June 15, 2020

Marijuana Accounts for Most Failed Drug Tests, Clearinghouse Report Shows

More than 10,000 positive drug tests for marijuana were reported to the federal Drug & Alcohol Clearinghouse through the end of May this year, distinguishing pot by far as the banned drug of choice for truck drivers failing tests, according to new numbers released in a Clearinghouse report June 11.

June 12, 2020