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Sluggish car sales are expected to pick up later this year once the U.S. presidential election is over and the Fed’s recent reversal on interest rates starts to ease financing costs.

U.S. dockworkers at ports along the East and Gulf Coasts began their first major strike in decades Oct. 1 in a move that threatens to have downstream impacts on trucking.

The national average price of diesel gained a half-cent per gallon during the week ending Sept. 30, climbing to $3.544, according to U.S. Energy Information Administration data.

Growers already have been struggling with declining farm incomes because of high input costs, global competition and low commodity prices.

Jerome Powell stressed that the Fed’s current goal is to support a largely healthy economy and job market, rather than rescue a struggling economy or prevent a recession.

The enforcement action stems from an October 2023 incident in San Francisco in which a Cruise robotaxi dragged a pedestrian about 20 feet before coming to a complete stop.

Volvo Car and dozens of industrial manufacturers urged Brussels to stick to a plan to halt sales of new combustion engine cars starting in 2035. 

ASHEVILLE, N.C. — A crisis unfolded in western North Carolina as officials rushed to get more water, food and other supplies to flood-stricken areas without power and cell service Sept. 30. 

A lengthy ports shutdown could raise prices on goods around the country and potentially cause shortages and price increases at retailers as the holiday shopping season approaches.

Key industry and government officials are urging U.S. dockworkers and their employers to avoid a strike at East and Gulf Coast ports, though many facilities are bracing for a shutdown.