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Economy

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.

Fleet Budgets Continue to Rise

Nearly three of four respondents to Government Fleet’s 2016 financial survey said budgets have returned to 2010 levels, and low fuel cost was one of the biggest contributors to operating budget reductions.