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CBO Trims GDP Forecast for 2020, Lifts 2021 Projection
The U.S. economy will see a slightly deeper contraction this year but a bigger rebound in 2021 than previously forecast, according to updated estimates from the Congressional Budget Office.
POSTED JULY 02, 2020 3:45 PM |
YRC Worldwide Receives $700 Million Federal Loan Package
Less-than-truckload carrier YRC Worldwide Inc. received a $700 million federal loan in exchange for a nearly 30% share of the company.
POSTED JULY 02, 2020 1:45 PM |
House Clears Extension of Small Business Loan Program to August
The House gave final last-minute congressional approval July 1 to extending the popular Paycheck Protection Program for small businesses until Aug. 8, hours after the deadline for applications lapsed with more than $130 billion still available.
POSTED JULY 02, 2020 1:15 PM |
Louisiana Passes Legislation Aimed at Significant Tort Reform
Louisiana lawmakers have passed legislation aimed at helping the state’s truckers fight off excessive jury verdicts in court.
POSTED JULY 02, 2020 1:00 PM |
House Infrastructure Bill Will Never Become Law, Rep. Sam Graves Says
A $1.5 trillion infrastructure package advanced by the U.S. House of Representatives on July 1 will never be enacted into law, said the top Republican on the chamber’s transportation panel.
POSTED JULY 02, 2020 12:15 PM |
Tesla Beats Delivery Expectations, Sending Shares Surging
Tesla Inc. reported a sequential gain in quarterly deliveries that seemed improbable weeks ago, sending its stock surging toward Wall Street’s most bullish price target.
POSTED JULY 02, 2020 12:15 PM |
FAA Concludes Three Days of Test Flights of Boeing’s 737 Max
Testing of the 737 Max jetliner’s revised flight-control systems by U.S. regulators and Boeing Co. wrapped up July 1, laying the foundation for the plane’s possible return to service later this year.
POSTED JULY 02, 2020 10:45 AM |
US Unemployment Falls to 11.1%; Trucking Adds 8,000 Jobs
The U.S. unemployment rate fell to 11.1% in June according to the Labor Department as the economy added 4.8 million jobs and the easing of coronavirus-related restrictions allowed more businesses to reopen while bringing back some of their employees.
POSTED JULY 02, 2020 10:15 AM |
House OKs $1.5 Trillion Infrastructure Plan That Impacts HOS, Insurance
WASHINGTON — The Democratic-controlled House approved a $1.5 trillion plan July 1 to rebuild the nation’s crumbling infrastructure, pouring hundreds of billions of dollars into projects to fix roads and bridges, while also delaying implementation of hours-of-service revisions and increasing liability insurance minimums.
POSTED JULY 01, 2020 6:00 PM |
Is Density Related to COVID-19 Infection Rates? These Experts Say No
Density is not related to confirmed COVID-19 infection rates, according to a study from a team of public health and planning experts.
POSTED JULY 01, 2020 4:30 PM |
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