THE CAR AND TRUCK FLEET AND LEASING MANAGEMENT MAGAZINE
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Top NHTSA Official to Leave Agency

Heidi King, deputy administrator for the National Highway Traffic Safety Administration, is planning to leave the agency as soon as next week.

Fed Announces First Rate Cut in 11 Years

Federal Reserve Chairman Jerome Powell officially announced a widely expected cut to the federal funds rate yesterday, dropping the central bank's target by a quarter-point to 2%.

Fuel Efficiency Reaches Record 24.9 MPG

The average fuel efficiency of light-duty cars, trucks, and SUVs reached 24.9 miles per gallon for the 2017 model year, which is a record high, even as the industry may have trouble meeting future standards, according to the EPA.