Fed holds rates steady, flags uncertainty as oil price soars amid war
The Fed faces a policy dilemma as the Iran war spurs a jump in energy prices, threatening to increase inflation, slow economic growth and push up unemployment.
The Fed faces a policy dilemma as the Iran war spurs a jump in energy prices, threatening to increase inflation, slow economic growth and push up unemployment.
The USPS will run out of cash in about a year unless changes, such as upping the agency’s borrowing cap, are made, Postmaster General David Steiner told lawmakers.
The Postal Service wants to increase its average package weight to improve its competitive position with FedEx and UPS, Postmaster General David Steiner said.
Delilah’s Law, a major crackdown on immigrants in the trucking industry, was passed 35 to 26 by the House Transportation and Infrastructure Committee and now heads to a floor vote.
While Port of Los Angeles cargo flows are steady, soaring oil prices are being passed on to ocean shippers.
Changing market dynamics offer an opportunity for motor carriers to raise rates, but also for intermodal providers to win business from cost-conscious shippers looking to shift modes.
The most disruptive energy shock in modern history has reawakened the debate over whether emergency fuel surcharges are a fair way for ocean carriers to recoup unexpected costs or blatant “double-dipping” that angers shippers.
The technology company’s exclusive agreement with the grocer ended last year, and now it’s talking with U.S. retailers about its new scaled-down automated system.
The Michigan manufacturing facility is scheduled to open in 2027 and will provide batteries for Tesla’s Megapack 3 utility-scale energy storage systems.
The retailer expanded Kristin Clifford’s role to SVP, head of sourcing and product operations, as part of a larger executive shuffle.