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Portugal May Declare Civil Order to Counter Fuel Supply Shortage

Portugal may declare a civil order to ensure that truck drivers, who began a strike Aug. 12, deliver enough fuel to stop gas stations across the country from running dry at the height of the country’s tourism season, Prime Minister Antonio Costa said.

August 12, 2019

Corn Heads Toward Worst Rout Since 2013 on Outlook for Acreage

Corn futures plunged by the exchange limit, heading for their worst day in at least six years, after the U.S. Department of Agriculture reported more of the grain was planted than analysts had estimated.

August 12, 2019

Russia, Iran, Others Debate How to Divide Caspian Oil Riches

TURKMENBASHI, Turkmenistan — Five countries bordering the energy-rich Caspian Sea met Aug. 12 at an economic forum hosted by Turkmenistan in a bid to agree on how to divide the region’s oil wealth.

August 12, 2019

US Recession Concerns Rising With Trade War, Goldman Sachs Says

Goldman Sachs Group Inc. is raising concerns of a U.S. recession as the trade war with China intensifies, boosting the impact on economic growth.

August 12, 2019

Fiat Chrysler Deal Gives Detroit Residents First Crack at Jobs

A city program gives Detroit residents first crack at jobs with Fiat Chrysler.

August 12, 2019

CVSA Asks Senate to Fund an Updated Major Crash Causation Study

The Commercial Vehicle Safety Alliance has asked U.S. Senate appropriators to include funding in the 2020 transportation funding bill for a study that would explore the causes for commercial vehicle crashes, an update to a similar study completed 16 years ago.

August 9, 2019

Oil Jumps Most in Month as Saudi Action Outweighs Demand Worries

Oil surged the most in nearly a month as investors digested Saudi Arabia’s latest plan to help stabilize prices following a large dip earlier in the week that was fueled by demand concerns.

August 9, 2019

Government: Fitzgerald Now Owes $83 Million in Back Taxes

Attorneys for the U.S. Department of Justice have filed a counterclaim against Fitzgerald Truck Parts and Sales, adjusting the sum the glider truck maker owes the IRS to $83 million from $64 million for not collecting a 12% excise sales taxes on retail glider sales dating to 2012.

August 9, 2019

Experts to Dissect Industry Trends, Insights at ATA Economic Summit

Experts in the fields of manufacturing, logistics and the petroleum industry are scheduled to participate in American Trucking Associations’ economic summit in September.

August 9, 2019

Core Producer-Price Index Posts First Drop in Two Years

A measure of underlying U.S. producer prices unexpectedly fell in July, with the first drop since early 2017 adding to signs of muted inflation that may reinforce the case for further Federal Reserve easing.

August 9, 2019