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Global Stocks Erase 2020 Losses Amid US Rally

A gauge of global equities erased its losses for the year as U.S. stocks climbed on optimism that officials will come to terms on fresh economic stimulus. Gold extended gains amid speculation interest rates will stay low for longer.

August 6, 2020

USDOT IG Nominee Eric Soskin Affirms Investigative Role

President Donald Trump’s nominee to lead the U.S. Department of Transportation’s internal watchdog division told senators that if confirmed he would pursue investigations without bias.

August 6, 2020

CVTA: Driver Learner Permit, CDL Testing Delays Persist

More than one-third of state driver’s license agencies continue to face moderate to significant delays in conducting commercial learner permit knowledge tests, commercial driver license skills tests or actual issuance of the physical learner permits, according to a new survey by the Commercial Vehicle Training Association.

August 6, 2020

Driver-Assist Technologies Touted at FMCSA Truck Safety Summit

The importance of hiring skilled drivers, the prospects for success with hair-based drug tests, the critical need for infrastructure funding and the promise of technology — especially as it relates to onboard vehicle systems — were among subjects discussed at an all-day Federal Motor Carrier Safety Administration Aug. 5 truck safety summit.

August 6, 2020

USPS Election Role Becomes Flashpoint in Stimulus Talks

House Democrats want to throw a financial lifeline to the struggling U.S. Postal Service amid concerns that mail delays could lead to hundreds of thousands of legitimate votes being thrown out, potentially skewing the election. Senate Republicans say the money isn’t needed.

August 6, 2020

White House, Democrats Locked in Standoff as Deal Deadline Looms

The White House and congressional Democrats are locked in a standoff over the size and breadth of a new virus relief package, with their self-imposed Aug. 7 deadline for a deal looming.

August 6, 2020

US Jobless Claims Fall More Than Forecast to Pandemic Low

U.S. applications for unemployment benefits fell more than expected last week to the lowest since the pandemic started, in a broad decline across nearly all states, suggesting the labor market is improving.

August 6, 2020

New York Gov. Andrew Cuomo Takes Reins of Governors Association

New York Gov. Andrew Cuomo emphasized the importance of recovery and revival as he accepted the role of chairman of the National Governors Association.

August 6, 2020

Carriers Must Prepare as Deadline Nears for Chinese Technology Ban, Experts Say

With an Aug. 13 deadline approaching fast, motor carriers who do business with the federal government must soon launch an inquiry to locate and purge telecommunications equipment manufactured by five Chinese companies that may be in use in their operations.

August 5, 2020

East Coast Ports Continue to Assess Damage From COVID-19

The nation’s East Coast ports continued to be battered by lower imports from overseas in June because of the COVID-19 pandemic.

August 5, 2020