Government

Multiyear federal guidelines on highway policy contribute to long-term planning at state agencies, USDOT nominee Joel Szabat said June 16.

A Senate bill introduced June 16 calls for more government oversight of aircraft certification in reaction to a pair of Boeing Co. 737 Max crashes.

Container volumes in May were down at most of the nation’s major seaports as the facilities struggled with the deepening U.S. recession and the slowdown of Asian and European economies at the start of the coronavirus outbreak earlier this year.

Volvo Group will reduce its white-collar workforce by 4,100 starting in the second half of the year as it confronts lower demand during the novel coronavirus pandemic.

Three OPEC members identified by their peers as failing to bring production down to target levels in May appear to have begun improving their compliance in June, if lower exports are any indication. But for the biggest overproducer, Iraq, that first step is a small one.

Military officials have pulled back a sweeping multibillion-dollar contract intended to address military families’ long-standing problems with delays and damaged goods during their roughly 400,000 annual moves to assignments around the globe.

The Iowa Transportation Commission recently approved the state’s transportation improvement program.

Federal Reserve Chairman Jerome Powell said the U.S. economy faces a deep downturn with “significant uncertainty” about the timing and strength of a recovery.

U.S. retail sales jumped in May by the most on record and double forecasts, regaining more ground than expected after unprecedented drops the prior two months as states allowed more merchants to reopen.

The national average price of diesel has increased seven-tenths of a cent to $2.403, according to the Energy Information Administration.