New Economic Data Show How Deep and Fast Recession Began
Just how deep and swift the U.S. economy’s plunge into a recession has been since the coronavirus pandemic hit the nation was evidenced by a number of reports, including that millions continued to apply for unemployment benefits.
May 28, 2020New Jersey Highway Tolls to Rise up to 36%
Tolls on three major New Jersey highways will rise by as much as 36% after Gov. Phil Murphy declined to use his veto power over authorities that approved the increases, effectively allowing them to take place.
May 28, 2020Democrats Push Pandemic Aid, Highlight Infrastructure Package
House Democrats signaled the potential for unveiling a comprehensive infrastructure measure in the near-term as they continue to push Senate leaders to consider a pandemic relief bill that would provide $15 billion for highway programs.
May 28, 2020US Layoffs Climb to 41 Million, Despite Business Reopenings
An estimated 2.1 million Americans applied for unemployment benefits last week despite the gradual reopening of businesses around the country, bringing the running total since the coronavirus shutdowns took hold in mid-March to about 41 million, the government said May 28.
May 28, 2020Fitzgerald Seeks Summary Judgment in $83 Million Tax Case
Attorneys for the nation’s largest glider truck manufacturer have asked a federal judge for permission to seek a partial summary judgment to block an attempt by the IRS from collecting $83 million in back taxes and penalties.
May 27, 2020Zipline Medical Drones Begin Flying in the US
On May 22, before Memorial Day, a six-foot long, red-and-white drone took off from a field in Kannapolis, N.C., flew 15 miles west over suburban Charlotte to Novant Health’s Huntersville Medical Center, and dropped a box of protective masks in a designated spot next to the parking lot.
May 27, 2020Trucking Begins to Rise Off the Bottom
Present conditions signal the bottom of the pandemic’s vertiginous drawdown of the freight market, trucking industry observers said. But other economic conditions, in place earlier in 2019 and 2020, remain as a potential drag.
May 27, 2020US Says Hong Kong’s Autonomy Is Gone
The U.S. has certified that Hong Kong is no longer politically autonomous from China, a move that could have far-reaching consequences on the former British colony’s special trading status with the U.S., Secretary of State Michael Pompeo said.
May 27, 2020Most Railroads Nearing Positive Train Control Implementation
Positive train control technology is either in advanced field testing or operational on 98% of the required route miles mandated by Congress, according to an assessment.
May 27, 2020DOT Issues TIFIA Loan for Oklahoma Expressway Project
The U.S. Department of Transportation recently announced it will provide a loan for up to $120.1 million to the Oklahoma Turnpike Authority for an expressway project in the Tulsa area.
May 27, 2020