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Federal Reserve Chairman Jerome Powell announced the fourth interest-rate hike of the year while downgrading central bankers' expectations for economic growth in 2018 and 2019.
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In 2018, blog posts that covered a tax law change, the sale of Bobit Business Media, negligent entrustment, and the Mercedes-Benz Sprinter van ranked among the most viewed on AutomotiveFleet.com.
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President Donald Trump is "not ready to act" on threatened auto import tariffs following a Tuesday meeting with his top trade advisers, an anonymous source told Bloomberg.
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The EV Drive Coalition, which formed with a stated goal to reform the federal electric vehicle tax credit, announced its official launch as the U.S. Congress convenes for its lame duck session.
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The forecast for the 2019 model-year indicates it will be a strong asset acquisition year for the commercial fleet segment, which is comprised of 6.3 million light-duty vehicles in operation.
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FedEx will invest two-thirds of $200 million in increased compensation for hourly team members, due to the recently enacted tax reform signed by President Donald Trump.
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In the years following the recession, U.S. economic growth has been "so modest that no sector has been overheated,” said William Strauss, senior economist and economic adviser at the Federal Reserve Bank of Chicago.
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Twenty senior industry leaders expressed cautious optimism about the economy and the automotive retail industry in White Clarke Group’s annual U.S. Auto and Equipment Survey.
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Speaking about the impact of Hurricanes Harvey and Irma at the FTR Transportation Conference, analysts estimated that the economic impact on the region could cost GDP 0.5% in the third quarter of 2017.
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Households have set a new nominal record for debt, according to Manheim Chief Economist Jonathan Smoke’s Industry Insights. This, the report added, is a sign that consumer confidence is high and that credit is readily available
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