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Fed Boosts Interest Rates Again, More Hikes Planned

The U.S. Federal Reserve’s Federal Open Market Committee raised interest rates again Wednesday. It's a sign that the Fed believes the economy is in no danger of slowing down, including taking into consideration this week's latest economic reports.

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Fed Hikes Interest Rates for Second Time in Decade

Policy makers at the Federal Reserve on Wednesday announced an increase in interest rates for the first time this year and only the second time since the depths of the Great Recession and there are expected to be at least some repercussions for trucking.

Feds Predict Higher Fuel Price Increases

Federal officials have raised their expectations for diesel and gasoline prices this year and are predicting even larger hikes coming for 2017, according to a new report from the U.S. Department of Energy.

Brazil to Reduce Vehicle Tax Breaks

The Brazilian government stated it will gradually roll back tax breaks on cars 2014, amid worries from producers that higher duties could hit sales in the South American country.

Biodiesel Could Stimulate Economy

NETTLETON, MS – According to Dr. Richard Craven, spokesperson for Universal Bioenergy, a Mississippi-based biodiesel manufacturer, more biodiesel use could help stimulate the economy as well as help cut CO2 emissions.

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