The U.S. Department of Transportation's Federal Transit Administration (FTA) has approved nearly $110 million in funding for public transportation providers and state Departments of Transportation in various states and a U.S. territory.

Each year, tens of millions of Americans file their tax returns, and a significant number of them are missing out on a valuable credit, the earned income tax credit (EITC), according to the IRS

Hidden inflationary costs are squeezing corporate profits, and it's not just the usual suspects like input and freight costs.

The IRS is set to launch a pilot electronic free file tax return system in January, inviting taxpayers from 13 states to participate.

CargoNet has reported a significant increase in cargo thefts in the second quarter of 2023, with 582 recorded incidents in the United States and Canada.

IRS Commissioner Danny Werfel has ordered the immediate suspension of new claims for the employee retention credit (ERC), a pandemic-era small business tax break, due to a surge in questionable claims.

XPO Logistics has achieved a reduction in its damage claims ratio as a percentage of LTL (Less Than Truckload) revenue, which remained at 0.7% in Q2, showing improvement from the previous year.

Cargo theft has reached a decade-high, with the second quarter of 2023 witnessing a 57% increase compared to the previous year, totaling 582 thefts across the U.S. and Canada.

Autonomous trucks have the potential to reshape how we think about insurance in several ways.

After years of insurance premium hikes, carriers may see some light at the end of the tunnel in 2023.

Incomplete data and strained law enforcement can create an environment that is permissive to cargo theft, as thieves are able to exploit gaps in security, intelligence, and enforcement.

Unfair”, by the Department of Transportation’s definition, means “likely to cause substantial injury and the harm is not outweighed by benefits to consumers or competition.

The December 29th decision to waive over $150,000 in demurrage fees imposed by Taiwan carrier Evergreen for Wisconsin-based forwarder TCW Inc. has set a precedent.

Insurance companies and reinsurers - those who insure the insurance companies - have been warning of scaling back after a multitude of losses associated with the conflict in Ukraine and Hurricane Ian.

A final report has finally been issued for the May 24, 2020 incident off the east coast of Australia that resulted in fifty boxes tumbling off the side of a ship and into the depths of the ocean below.

Georgia, California, and New York judges have been notable for issuing legendary and severe judgments on defendants in the trucking industry.

Accidents involving big rigs, rising medical and litigation costs, inexperienced truckload capacity, and catastrophic losses are all putting major pressure on the insurance industry as a whole.

The US Supreme Court has made controversial stances on Roe v. Wade and regarding California’s AB5 law, but a lesser known judgement sets a precedent for logistics liability.

Sullivan, Illinois-based trucking company Marvin Keller Trucking has filed for Chapter 11 bankruptcy protection due to a nuclear verdict in court, inflated fuel costs, and wild market conditions.

Irving, Texas-based trucking company Tarango Trucking won in a federal appeals court.

It is a simpler task to back up your drivers when you have video-footage proof of their driving conduct.

California is on the verge of setting a precedent with a proposed law allowing workers to legally ignore their bosses' messages after work hours.

In the fast-paced world of logistics, FedEx and UPS are making some big changes.

The freight and logistics sector continues to face mass layoffs, with recent announcements in California, Illinois, and Michigan.

New research from Indeed reveals a significant shift in job postings, indicating a decline in the requirement for formal education qualifications.

Last year, airline pilots scored hefty pay raises through new labor contracts, sparking a wave of demand for better wages among flight attendants.

Amazon.com has announced layoffs affecting fewer than 5% of its Buy with Prime unit employees.

Amazon is undergoing layoffs in its Prime Video and MGM Studios divisions, with hundreds of employees affected.

Federal labor officials have accused SpaceX of unlawfully terminating eight employees who circulated a critical letter about the company's CEO, Elon Musk.

As the United States welcomed the new year, New York's minimum wage got a boost at midnight.

Private sector job creation in November continued to slow, with companies adding 103,000 workers, slightly below October's 106,000 and missing estimates.

Major automakers like Toyota, Nissan, Honda, and Subaru have announced significant pay raises for their U.S. workers despite not being covered by United Auto Workers (UAW) contracts.

Elon Musk and Jensen Huang, two prominent figures in the tech industry, have differing views on the impact of artificial intelligence (AI) on jobs.

In October, U.S. job growth decelerated partly due to strikes by the United Auto Workers (UAW) against major Detroit car manufacturers, resulting in a drop in manufacturing payrolls.

The United Automobile Workers (U.A.W.) president, Shawn Fain, has proposed that other labor unions align their contract expirations with the U.A.W., emphasizing solidarity in collective bargaining efforts.

Amazon has introduced new guidelines allowing supervisors to terminate employees who resist the return-to-office directive.

In September, U.S. companies added only 89,000 jobs, well below the expected 153,000 and a significant drop from August's revised 180,000.

The U.S. Equal Employment Opportunity Commission (EEOC) has filed a lawsuit against Tesla, alleging that the electric carmaker allowed severe harassment of Black employees at its California assembly plant, including racist slurs, graffiti, and nooses from 2015 to the present.

The U.S. is facing a "child care cliff" with the expiration of pandemic emergency relief funds that have supported child care centers, leaving up to 70,000 centers at risk of closing, potentially displacing 3.2 million children.

Young professionals like Gen Z and millennials are redefining work-life balance, seeking greater flexibility, remote work options, and more time for personal pursuits.

UPS is gearing up for the holiday season by planning to hire more than 100,000 workers, a number consistent with its hiring levels over the past three years.

Amazon.com Inc. is planning to hire 250,000 logistics workers for the upcoming holiday season.

The recently ratified labor contract between UPS and the International Brotherhood of Teamsters is expected to exert wage pressure on other logistics companies, including FedEx.

A World Bank report highlights the global growth of online gig work, especially in developing countries, where it provides a vital source of employment for women and young individuals in regions with limited job opportunities.

The historical activist roots of the Labor Day holiday are particularly evident this year, with labor unions actively challenging working conditions across various industries.

International distributor NRS Logistics has announced plans to construct its inaugural North American facility in Casa Grande, Arizona.

Since securing a $30 billion contract over five years, United Parcel Service (UPS) has experienced a surge in interest from job seekers.

The United Auto Workers (UAW) is demanding a 40% raise for its members over the next four years, matching the 40% compensation increase that CEOs of major automakers have received during the same period.

Yellow Corp. is facing a class-action lawsuit by a laid-off employee, Armando Rivera, who alleges that the company failed to provide the required 60 days' notice before mass layoffs affecting approximately 30,000 workers.

The COVID-19 pandemic forced a massive shift to remote work, leading to a surprising revelation that remote employees are not slackers but, in fact, work slightly longer hours than their office-based counterparts.

According to a survey by ResumeBuilder.com, organizations are responding to changing work environments and declining interpersonal skills by implementing training programs to create a more professional and respectful office culture.

Two more insurance providers, Tokio Marine America Insurance Co. and Trans Pacific Insurance Co., are set to exit the California insurance scene.

California's largest insurance company is discontinuing coverage for 72,000 homes statewide due to increased natural disaster risks and inflation.

Rising insurance costs are causing many trucking companies to call it quits, leading to a hyper-competitive market for insurers.

Hidden inflationary costs are squeezing corporate profits, and it's not just the usual suspects like input and freight costs.

The UK government has announced a reduction in National Insurance tax for workers from 12% to 10%, aiming to provide relief amid a cost-of-living crisis.

Millions of Americans purchasing health insurance through the Affordable Care Act (ACA) marketplace face the annual task of comparing benefits and prices, considering changes to their plans, or enrolling for the first time.

CargoNet has reported a significant increase in cargo thefts in the second quarter of 2023, with 582 recorded incidents in the United States and Canada.

The incident involving a fire on a cargo ship carrying electric vehicles highlights potential insurance challenges and setbacks for the EV revolution.

Cargo theft has reached a decade-high, with the second quarter of 2023 witnessing a 57% increase compared to the previous year, totaling 582 thefts across the U.S. and Canada.

Wildfires have significant effects on logistics, disrupting supply chains, transportation networks, and overall business operations.

Insurance companies are facing increasing difficulties in providing coverage for damages caused by rising average temperatures, leading them to withdraw from certain markets.

Autonomous trucks have the potential to reshape how we think about insurance in several ways.

After years of insurance premium hikes, carriers may see some light at the end of the tunnel in 2023.

Incomplete data and strained law enforcement can create an environment that is permissive to cargo theft, as thieves are able to exploit gaps in security, intelligence, and enforcement.

Some people view capitalism as the foundation of the American economic system and believe it is responsible for the country's prosperity and success.

Insurance companies and reinsurers - those who insure the insurance companies - have been warning of scaling back after a multitude of losses associated with the conflict in Ukraine and Hurricane Ian.

Georgia, California, and New York judges have been notable for issuing legendary and severe judgments on defendants in the trucking industry.

Shipping firms transporting commodities such as oil and grains are beginning to panic as underwriters begin to pull back from reinsuring any risks that are related to the Russia-Ukraine war.

As it turns out, truck drivers are often easy targets for lawsuits, despite rarely being the party “at fault.”

Accidents involving big rigs, rising medical and litigation costs, inexperienced truckload capacity, and catastrophic losses are all putting major pressure on the insurance industry as a whole.

The Insurance Institute for Highway Safety (IIHS) is warning drivers that self-driving vehicles still require their attention.

When someone says “piracy” they may then think, “of the Caribbean” - unless they’re in the shipping industry.

Russia, Ukraine, Turkey, and the United Nations are gathering this week to sign a deal meant to guarantee the safe passage of grain from Ukraine across the Black Sea.

UPS Healthcare has reworked its UPS Premier packages with the goal of meeting customers’ needs.

Cargo insurance is essential when it comes to ensuring some security during such trying and uncertain times for the supply chain.

he cost of running and maintaining steamships for shipping cargo across the sea is getting more expensive, as well as the product being moved.

Paying very high premiums is common for most people including their family on their plan.

Hauling large quantities of freight over long distances does not come without its risk.

As a business owner, you cannot only on insurance premiums. Instead, focus on limiting of the risk that your trucking company needs to assume.

The Biden administration has committed up to $6.4 billion to help Samsung Electronics set up a major computer chip manufacturing hub in Texas.

Taiwan Semiconductor Manufacturing Co. (TSMC), a global leader in semiconductor fabrication, is set to receive a significant boost in the U.S. with up to $6.6 billion in funding from the U.S. government.

The Federal Motor Carrier Safety Administration (FMCSA) is requesting lease agreements from truck drivers, especially if they suspect predatory or fraudulent terms.

Bankrupt trucking giant Yellow has announced it has fully paid back a contentious $700 million Covid loan from the U.S. Treasury Department, along with over $151 million in interest.

During the holiday season, online spending hit a record high, increasing by 4.9% year over year, totaling $222.1 billion, according to Adobe Analytics.

The Federal Reserve's announcement of a pause in benchmark interest rates and a forecast of rate cuts next year led to a surge in stock indexes to one-year highs.

In October, signed contracts to buy previously owned homes in the U.S. plummeted to a record low due to surging mortgage rates, with the National Association of Realtors reporting a 1.5% decline in its pending home sales index, the lowest since its inception in 2001.

A recent Fox News poll revealed that more than 75% of Americans are worried about the state of the economy.

Caltrans and state fire officials had expressed concerns about the storage of combustible liquids on wooden pallets under Interstate 10 for several years before a recent fire, which is now being investigated as arson, led to the closure of a major Los Angeles freeway for over a week.

Dave Ramsey, a financial expert, is concerned about the growing trend of homeowners using home-equity lines of credit (HELOCs) to access their home equity for various purposes, such as buying additional property or paying down consumer debts.

A recent fire under an elevated Los Angeles freeway, which caused significant damage and traffic disruptions, has brought scrutiny to a state land leasing program that allowed businesses to store various materials under the freeway.

Billionaire investor Ron Baron predicts that SpaceX, Elon Musk's rocket company, will be worth around $500 billion by 2030.

A ransomware attack on China's Industrial and Commercial Bank (ICBC) disrupted trading in the $25 trillion US Treasury market, forcing ICBC to send trading data on a USB stick to BNY Mellon for settlement.

Federal Reserve Chair Jerome Powell and Patrick Harker, head of the Federal Reserve Bank of Philadelphia, visited York, Pennsylvania, to hear the concerns of small-business owners grappling with inflation, high interest rates, labor shortages, and post-pandemic economic challenges.

The U.S. Energy Department is currently engaged in discussions to potentially provide a record-breaking $1 billion loan to the developer of one of the largest lithium deposits in the United States.

The ongoing United Auto Workers' strike against major automakers is significantly impacting small suppliers, with some at risk of shutting down due to the disruption.

Trucking costs have continued to rise, with the average cost per mile reaching $2.25 in 2022, a 21.3% increase from 2021.

IRS Commissioner Danny Werfel has ordered the immediate suspension of new claims for the employee retention credit (ERC), a pandemic-era small business tax break, due to a surge in questionable claims.

The U.S. Energy Secretary Jennifer Granholm revealed plans for the Biden Administration to allocate $12 billion in loans and grants to automakers and suppliers, aimed at facilitating the transformation of their facilities to produce electric vehicles (EVs) and other advanced vehicle technologies.

Credit ratings agency Moody's has placed the credit ratings of six major US banks, including Bank of New York Mellon, State Street, and Northern Trust, under review for a possible downgrade.

Tesla is planning to revolutionize the charging infrastructure for its fully electric long-haul trucks in the US.

DHL Express is set to invest $192 million in constructing an aircraft maintenance facility at Cincinnati/Northern Kentucky International Airport (CVG), the location of its primary U.S. air hub.

Despite warnings of an impending recession, the U.S. economy is showing signs of acceleration.

The Federal Reserve is expected to raise interest rates by a quarter-percentage point, resuming its efforts to combat inflation after a brief pause in June.

Leasing companies are offering fleets a pathway to enter the electric vehicle (EV) space and adopt new technologies without the need to invest in their own trucks.

According to the American Transportation Research Institute (ATRI), running a trucking business has become more expensive due to rising fuel, wage, and equipment costs.

The U.S. Department of Transportation (DOT) has formed a Truck Leasing Task Force to address predatory lease-purchase agreements that exploit truck drivers.

CADDi, a global procurement startup, has secured $89 million in a Series C funding round, even as the supply chain management sector has experienced a decline in funding.

Cushman & Wakefield's report indicates a slight increase in industrial vacancy rates during the second quarter, signaling a softening in the demand for warehouse and inventory storage space.

California Governor Gavin Newsom has unveiled a comprehensive investment plan of over $1.5 billion to enhance the state's supply chain infrastructure.

Following California's new $20-an-hour minimum wage law that kicked in on April 1, fast food joints across the state have bumped up their menu prices.

J.B. Hunt Transport Services didn't quite hit the mark this quarter, with earnings per share landing at $1.22, below the expected $1.50.

In April, U.S. consumer sentiment took a sharper downturn than expected, hitting 77.9 from March's 79.4, reflecting growing concerns over inflation which continues to influence the economic outlook.

FedEx and UPS have introduced Delivery Area Surcharges (DAS) in 82 additional ZIP codes across the US, covering nearly 1% of the population.

Kering, a renowned French luxury brand, witnessed a significant decline in its shares, marking its worst performance to date.

In the not-so-distant future, your ideal burger munching time might not align with your growling stomach.

The U.S. recreational vehicle scene is typically dominated by massive, boxy models hailing from Elkhart, Indiana.

Inditex, the parent company of Zara, saw a surge in its stock prices, hitting record highs after reporting robust early spring sales.

A foreign billionaire's rapid acquisition of properties in Carmel, a picturesque coastal town, has sparked concern among locals.

Macy’s announced plans to shutter 150 stores over three years and 50 by the end of 2024 following a fourth-quarter loss and declining sales.

The rise of fast-fashion e-commerce giants like Shein and Temu is shaking up the global air cargo sector, according to industry insiders.

In January, Boeing saw a decline in aircraft orders and deliveries following a midflight incident involving a fuselage panel on one of its 737 Max 9s.

United Airlines made headlines three years ago when it axed flight change fees, a move that has cost the company an estimated $2 billion.

Walmart, already a retail giant, is aiming to get even bigger. Over the next five years, the company plans to build or convert more than 150 large-format stores, with some expanding from smaller locations into Supercenters offering groceries and merchandise.

Knight-Swift Transportation, a major player in the trucking industry, managed to increase its revenue despite weak freight demand in the last quarter of the previous year.

The U.S. Bankruptcy Court has given the green light to Yellow Corp.'s sale of 23 terminal leases to various buyers, totaling $82.89 million.

UPS and FedEx have decided to extend their demand surcharges for additional handling and large packages, despite lower year-over-year volumes.

During the holiday season, online spending hit a record high, increasing by 4.9% year over year, totaling $222.1 billion, according to Adobe Analytics.

Lazada, the Southeast Asian e-commerce platform owned by Alibaba, has initiated a new round of layoffs that will be affecting employees across all Southeast Asian markets.

Nike's shares tumbled over 10% after the company revised its revenue outlook for the fiscal year, anticipating just 1% growth instead of mid-single-digit growth, citing challenges in Greater China and EMEA, digital traffic softness, and a stronger U.S. dollar.

Amazon is feeling the pressure from fast-fashion app Shein and has decided to cut referral fees for cheap clothing items in an effort to compete.

General Motors (GM) is laying off 1,314 workers at two Michigan plants, including one that produced the discontinued Chevy Bolt EV.

In November, Americans increased their spending ahead of the holiday season, with retail sales rising by 0.3%, surpassing expectations and reversing the decline recorded in October.

Hasbro, known for Monopoly and Play-Doh, is cutting 1,100 jobs, approximately 20% of its workforce, due to disappointing sales ahead of the holiday season.

Republican leaders in Congress are investigating the Department of Energy's $3 billion award to Sunnova Energy Corporation, a solar company accused of exploiting vulnerable customers with deceptive sales practices.

Deforestation is rapidly increasing in western Mexico, driven by the growing demand for avocados in the United States.

Tesla is building anticipation for its upcoming Cybertruck Delivery Event by showcasing the unconventional electric pickup truck.

Federal prosecutors arrested two individuals, Adama Sow and Abdulaj Jalloh, and seized over 200,000 counterfeit luxury items worth $1.03 billion in what is being described as the largest-ever seizure of counterfeit goods in US history.

Tesla has set a rule in its motor vehicle order agreement for the Cybertruck, stating that buyers must keep the vehicle for at least a year after purchase.

Walmart's stock reached an all-time high, hitting $166.30, as investors anticipate the retail giant to outperform its competitors during the holiday season due to its reputation for offering value.

Across the United States, municipal governments are tightening their belts as the financial support from the pandemic era fades and inflation persists.

Landstar System, a logistics company, shared a mixed bag of results in their recent earnings call, staying optimistic despite a tough market.

In 2023, the average monthly electricity bill for U.S. homes nudged up by 2% to $138, which was actually less dramatic compared to the overall inflation rate of 4.1%.

Following California's new $20-an-hour minimum wage law that kicked in on April 1, fast food joints across the state have bumped up their menu prices.

In recent years, Americans have adjusted their retirement savings targets significantly.

If you're using FedEx or UPS for shipping, especially in Los Angeles County, keep an eye on your bills – they're about to go up.

Wealthy American families are increasingly obtaining second, or even multiple, citizenships and residences, a trend highlighted by Henley & Partners, a law firm specializing in high-net-worth citizenships.

FedEx and UPS have introduced Delivery Area Surcharges (DAS) in 82 additional ZIP codes across the US, covering nearly 1% of the population.

In California, a significant new law has just kicked in, raising the minimum wage for fast-food workers to $20 an hour.

Looking for a plush spot to spend your retirement? Well, GoBankingRates.com just ranked the richest retirement towns in the U.S., and it's quite the list!

Larry Fink, CEO of BlackRock, points out in his annual letter that the U.S. retirement system is under a lot of pressure due to Americans living longer and spending more years in retirement.

In the not-so-distant future, your ideal burger munching time might not align with your growling stomach.

In February, inflation spiked more than expected due to higher gas prices, yet slowed in other areas like food and housing, offering a silver lining.

Gold prices soared to a new record high on Friday, driven by reports of a rise in the U.S. unemployment rate.

A recent viral social media post sparked a lively discussion about the prices at Five Guys, a popular burger chain in America.

It's no secret that many Americans are grappling with credit card debt, with a Bankrate survey revealing that one in three adults had more credit card debt than savings in both 2023 and 2024.

In 2021 and 2022, as inflation surged, the Federal Reserve was criticized for delaying interest rate hikes, allowing prices to soar. Now, with inflation easing, there's concern the Fed might move too slowly to cut rates, risking a recession, some economists argue.

In January, the U.S. economy added a surprising 353,000 jobs, surpassing economists' predictions of 177,000.

Hidden inflationary costs are squeezing corporate profits, and it's not just the usual suspects like input and freight costs.

Recent sub-zero temperatures across the United States have caused gas wells to freeze, resulting in an 11-month low in gas production, according to Reuters.

Developers of the proposed offshore wind farm near Long Beach, Long Island, announced the termination of the Empire Wind 2 project due to economic challenges - including inflation, increased interest rates, and supply chain disruptions.

As we gear up for 2024 - a big election year - it's hard not to think of James Carville's famous line from 1992, "It's the economy, stupid."

In 2023, the U.S. economy saw a combination of positive and negative trends.

Economist Harry Dent is making a dire prediction for the markets in 2024, citing overvalued markets and excessive stimulus spending as causes for concern.

The Federal Reserve's announcement of a pause in benchmark interest rates and a forecast of rate cuts next year led to a surge in stock indexes to one-year highs.

In October, job openings in the United States decreased significantly to 8.7 million, marking the lowest level since March 2021, according to the Labor Department.

Federal Reserve Chair Jerome H. Powell has indicated that the central bank may not raise interest rates further if the economy and inflation continue to cool as expected.

The Economist Intelligence Unit's Worldwide Cost of Living 2023 report reveals that New York, Los Angeles, and San Francisco are among the top 10 most expensive cities to live in.

A recent Fox News poll revealed that more than 75% of Americans are worried about the state of the economy.

The White House plans to use the Defense Production Act, a cold-war era law, to address supply chain issues contributing to inflation.