Category: News

WASHINGTON — The Federal Reserve has left its key policy rate unchanged but signaled that it plans to keep responding to the strong U.S. economy with more interest rate hikes. The next rate increase is expected in December.

Homewood Holdings, a portfolio company of private equity investment firm Building Industry Partners, has acquired select assets of Building Supply and Lumber Co., an independent lumber and building materials dealer.

The American Transportation Research Institute is asking fleets to provide data from their electronic logging devices to be used in confidential research for studying policy issues in trucking.

FedEx Corp. will raise general rates on Jan. 7, according to a statement the company released on Nov. 5, reflecting tight capacity and greater demands from a strong economy.

Mercedes-Benz parent company Daimler and auto supplier Bosch plan to launch a self-driving car pilot for the public in San Jose, Calif., in the second half of 2019.

Inspired by the “Shark Week” ratings phenomenon, the History Channel is turning to trucks. At 8 p.m. Nov. 10, “Truck Weekend in America” launches six hours of truck programming that spotlights new trucks, rescue trucks, restoring trucks, how trucks are built in factories and how trucks have transformed our culture.

Voters demonstrated a reluctance to approve new funding measures but a commitment to securing existing funds for transportation purposes during the Nov. 6 election.

The wind changed again in a stormy oil market as OPEC signaled it will consider a return to cutting output next year, potentially making the second production U-turn this year.

Tesla Inc. appointed a director who’s been on its board for years to replace Elon Musk as chairman, stirring suspicion as to whether the mercurial CEO will be restrained after costly run-ins with securities regulators.

Rolling Strong, which provides driver wellness programs for transportation companies, their drivers and owner-operators, announced a partnership with the eTrueNorth network of local pharmacies.