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DOT Announces $1 Billion in BUILD Grants

Transportation Secretary Elaine Chao announced that $1 billion in funding has been awarded through the Better Utilizing Investments to Leverage Development program.

September 16, 2020

Hurricane Sally Unleashes Flooding Along the Gulf Coast

Hurricane Sally lumbered ashore in Alabama with 105 mph winds and torrential rain Sept. 16, swamping homes and trapping people in high water along the Gulf Coast as it crept inland for what could be a long, slow and disastrous drenching across the Deep South.

September 16, 2020

Retail Sales Rise for 4th Straight Month as Growth Slows

Americans kept spending in August, but the pace of that growth is slowing as millions of people who lost jobs have now lost a $600-a-week boost in their unemployment checks.

September 16, 2020

FedEx Posts Strong Quarterly Earnings, Fueled by E-Commerce

A huge surge in e-commerce deliveries to homes and businesses because of the COVID-19 pandemic boosted FedEx Corp.’s fiscal first-quarter earnings when the delivery giant reported its financials Sept. 15.

September 15, 2020

Pelosi: House to Stay in Session Until COVID-19 Rescue Deal

Speaker Nancy Pelosi said Sept. 15 the House will remain in session until lawmakers deliver another round of COVID-19 relief, a move that came as Democrats from swing districts signaled discontent with a standoff that could force them to face voters without delivering more aid.

September 15, 2020

US Chassis Group Gains Initial Win Against Chinese Company

A group of U.S. chassis manufacturers have won an initial victory before the U.S. International Trade Commission against a Chinese company that the U.S. firms claim is manipulating the American chassis market.

September 15, 2020

Stakeholders Urge White House to Assist in 5.9 GHz Preservation

Freight and passenger transportation groups are seeking the White House’s support to halt the Federal Communications Commission’s proposal that would shift certain auto safety airwaves for broadband uses.

September 15, 2020

US Removes Canada Aluminum Tariffs Amid Retaliation Threat

The U.S. announced the removal of aluminum tariffs it slapped on Canada last month.

September 15, 2020

WTO: US Tariffs on China Are Illegal

A World Trade Organization panel ruled Sept. 15 that Trump administration tariffs on $200 billion worth of Chinese goods are illegal, vindicating Beijing even if the United States has all but incapacitated the WTO’s ability to hand down a final, binding verdict.

September 15, 2020

Industrial Production Growth Slows, Up 0.4% in August

U.S. industrial production slowed to a modest increase of 0.4% in August, far weaker than the strong bounceback recorded in previous months when factories were coming back to life.

September 15, 2020