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Senate Panel Advances USDOT IG Nominee Eric Soskin

Eric Soskin Soskin speaks at a hearing in August. (Screenshot via C-SPAN)

Eric Soskin, the nominee to become the watchdog at the U.S. Department of Transportation, received approval by a Senate panel Sept. 16.

Eugene Mulero | Senior Reporter
September 16, 2020
Government, Business

Fed Signals Rates Will Stay Near Zero for at Least Three Years

The Marriner S. Eccles Federal Reserve building stands in Washington on Aug. 18. The Marriner S. Eccles Federal Reserve building stands in Washington on Aug. 18. (Erin Scott/Bloomberg News)

The Federal Reserve left interest rates near zero and signaled it would hold them there through at least 2023 to help the U.S. economy recover from the coronavirus pandemic.

Catarina Saraiva | Bloomberg News
September 16, 2020
Government, Safety

DOT Announces $1 Billion in BUILD Grants

Erie, Pa. A view of Erie, Pa., which lies along Lake Erie. About $21 million was directed to the Pennsylvania Department of Transportation for the Erie Bayfront Parkway Mobility and Freight Improvement Program. (zrfphoto/Getty Images)

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

Eleanor Lamb | Staff Reporter
September 16, 2020
Government, Business, Safety

Hurricane Sally Unleashes Flooding Along the Gulf Coast

A resident watches as flood waters move on the street in Pensacola, Fla. A resident watches as flood waters from Hurricane Sally move on the street in Pensacola, Fla., on Sept. 16. (Gerald Herbert/Associated Press)

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
Government, Business, Logistics

Retail Sales Rise for 4th Straight Month as Growth Slows

Retail growth slowed in August. Signage is displayed outside a Century 21 department store in New York on Sept. 14. The company filed for bankruptcy with plans to shut down. (Michael Nagle/Bloomberg News)

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.

Joseph Pisani | Associated Press
September 16, 2020
Government, Business, Top 50, Top 100

FedEx Posts Strong Quarterly Earnings, Fueled by E-Commerce

A FedEx truck is unloaded in Dallas A FedEx driver unloads boxes in downtown Dallas. (Cooper Neill/Bloomberg News)

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.

Dan Ronan | Associate News Editor
September 15, 2020
Government, Business, Safety

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

House Speaker Nancy Pelosi walks to her office on Capitol Hill on Sept. 14. House Speaker Nancy Pelosi walks to her Capitol Hill office on Sept. 14. (Jacquelyn Martin/Associated Press)

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.

Andrew Taylor | Associated Press
September 15, 2020
Government, Business, Equipment

US Chassis Group Gains Initial Win Against Chinese Company

A CIE Chassis CIE says it has has produced and sold 1,800 chassis since opening two facilities in the U.S. (CIE Manufacturing/YouTube)

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.

Dan Ronan | Associate News Editor
September 15, 2020
Government, Business, Technology, Safety

Stakeholders Urge White House to Assist in 5.9 GHz Preservation

Meadows White House Chief of Staff Mark Meadows (Stefani Reynolds/SIPA/Bloomberg News)

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.

Eugene Mulero | Senior Reporter
September 15, 2020
Government, Business, Equipment, Logistics

US Removes Canada Aluminum Tariffs Amid Retaliation Threat

The U.S. has rolled back its aluminum tariffs on Canada. (Luke Sharrett/Bloomberg News)

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

September 15, 2020

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