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.

The minutes from the Federal Reserve's June meeting indicate that a mild recession is expected, accompanied by further interest rate hikes to combat inflation.

Survey results from Bankrate reveal that the average amount needed by US adults to feel financially secure is $233,000 per year, while $483,000 per year is the average amount required to feel rich or achieve financial freedom.

Industry experts in leasing and rental companies, OEM dealer organizations, and management solutions providers have discussed various topics related to equipment availability, delays in vehicle deliveries, and the impact of industry and economic factors on leasing and rental equipment.

According to recent working capital research by The Hackett Group, the largest US companies are finding it increasingly difficult to extend payments to suppliers, indicating a potential ceiling on the practice of supplier payment terms optimization.

The Southeastern region of the United States, known as the "New New South," is experiencing a significant economic shift with the rise of electric-vehicle factories and battery plants.

A Congressional report released on Tuesday revealed significant problems with the Treasury Department's $700 million loan to Yellow Corp. as part of a COVID-19 relief program in 2020.

The Pentagon has started utilizing the $600 million Defense Production Act funding allocated from the $40 billion Ukraine aid package.