DOT Unveils Its Long-Term Transpo Funding Bill

Although it’s likely to land with a solid thud on Capitol Hill — given that there are just two months left until current surface-transportation legislation expires — the U.S. Department of Transportation officially announced its $478-billion, six-year transportation reauthorization proposal.

“Grow America Act” Welcomed by U.S. Supply Chain Managers

The United States Department of Transportation (DOT) introduced The GROW AMERICA Act, a six-year, $478 million transportation reauthorization bill yesterday. Specific components of the GROW AMERICA act include: 
$317 billion towards the nation’s highway and road safety, which will increase the amount of highway funds by an average of about 29 percent above FY 2015 […]

Pressure Rises for a June Rate Hike

A stronger-than-forecast U.S. payrolls report strengthens the argument for the Federal Reserve to begin raising interest rates in June, after the jobless rate reached the range that officials view as full employment.