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Fed Cuts Rates Half Point in Emergency Move Amid Spreading Virus

The U.S. Federal Reserve delivered an emergency half-percentage point interest rate cut March 3 in a bid to protect the longest-ever economic expansion from the spreading coronavirus.

March 3, 2020

Bayonne Bridge Expansion Pays Big Dividends for Port of N.Y.-N.J.

Nearly a year after the Port of New York and New Jersey rededicated the raised Bayonne Bridge over the Kill Van Kull tidal strait connecting Bayonne, N.J., with Staten Island, N.Y., officials say the project is paying big economic dividends.

March 3, 2020

FMCSA Announces Plans for March 19 Safety Summit

The Federal Motor Carrier Safety Administration is planning a Safety Summit on March 19 for motor carriers, drivers, safety technology developers and users, federal and state partners, and safety advocate groups to share ideas on improving truck safety.

March 2, 2020

Diesel Falls 3.1¢ to $2.851 Per Gallon

The U.S. average retail price of diesel fell 3.1 cents to $2.851 per gallon, the Department of Energy reported March 2.

March 2, 2020

Amtrak Names Former Air Cargo Executive as New CEO

Amtrak named a former air cargo executive as its new president and chief operating officer March 2.

March 2, 2020

Factories Expand Despite Virus, Though Deliveries Slow

WASHINGTON — American factories expanded in February for the second straight month, despite disruptions caused by the coronavirus outbreak.

March 2, 2020

US Construction Spending Up 1.8% in January to Record Level

WASHINGTON — Spending on U.S. construction projects rose to an all-time high in January, helped by strong gains for home construction and government building projects.

March 2, 2020

Secretary Elaine Chao: Consumers Will Be Key in Determining AV Technology

Transportation Secretary Elaine Chao recently asserted that the American consumer will have a lot to say in determining the course of autonomous vehicles. Here's your Capitol Agenda look at the week ahead for trucking on Capitol Hill.

March 2, 2020

Most Ports See Container Volumes Decline in January

Facing strong headwinds from the lingering effects of the U.S.-China trade war, the slowdown associated with the Chinese New Year, and later the coronavirus, most of the nation’s ports saw container volumes fall in January.

March 2, 2020

Economists Fear Possible Recession as Coronavirus Spreads

Economists who closely follow the transportation and trucking industry say the next month will be critical as to whether the economy avoids a recession in 2020 as concerns over the spread of the coronavirus mount.

March 2, 2020