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The Federal Reserve raised interest rates by a quarter percentage point and signaled six more such hikes this year, launching a campaign to tackle the fastest inflation in four decades even as risks to economic growth mount.

In an effort to open up the nation’s clogged supply chains, the Biden administration on March 15 announced plans for a pilot program under which organizations across the transportation landscape would share data with one another to improve the overall flow of goods.

Legislation that would establish a grant program at the U.S. Department of Transportation to assist with the adoption of heavy-duty hydrogen fuel cell vehicles was recently introduced in the U.S. Senate.

Growth in U.S. retail sales slowed in February after surging a month earlier, suggesting that consumers tempered their spending in some categories as inflation limited purchasing power.

Improving the nation’s transportation system with $1.2 trillion in infrastructure investments is a key to uplifting the middle class, adding jobs and revitalizing American industry, President Joe Biden told a gathering of city officials in Washington.

American Trucking Associations is among the groups proposing that the California Air Resources Board consider supply chain pressures for granting the industry alternatives to certain regulatory compliance.

U.S. airline stocks climbed as the carriers said they will trim flying to remain on track toward profits even as fuel prices soar.

Orders placed with global e-commerce platforms like Amazon and Walmart may be delayed by virus lockdowns and restrictions in some of China’s key manufacturing hubs, according to an industry body.

A $1.5 trillion fiscal 2022 bill that ensures funding for the federal government, including the U.S. Department of Transportation, has been signed by President Joe Biden.

The national average price of diesel recorded its second dramatic spike in as many weeks, this time 40.1 cents to reach $5.25 a gallon, according to Energy Information Administration data released March 14.