Petroleos Mexicanos’ head of crude oil trading Victor Briones and two other executives left the company amid a conflict over an external review of the nation’s crude price formulas, people familiar with the matter said.
September 27, 2019Search
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Port of Virginia Wins Award for Local Expansion Project
Lloyd’s List chose Virginia’s port for its “excellence in port management and infrastructure” award.
September 27, 2019Consumer Spending Rises 0.1% in August
WASHINGTON — American consumers boosted their spending by just 0.1% in August, the smallest gain in six months, even as their incomes rose at a solid pace.
September 27, 2019Durable Goods Orders Edge Up 0.2% in August
WASHINGTON — Orders to U.S. factories for big-ticket manufactured goods showed a slight increase in August but a key sector that tracks business investment plans declined, likely reflecting fallout from President Donald Trump’s trade wars.
September 27, 2019A 12,000-Mile Trip May Be in Vain Due to Iran Oil Sanctions
More than two months and 20,000 kilometers (12,000 miles) ago, the tanker Da Yuan Hu left Singapore and headed to Mexico to pick up a shipment of crude oil. On Sept. 26, with less than two weeks to go until it reaches its destination, its long quest could be in jeopardy.
September 26, 2019Congress Clears Temporary Federal Funding Bill for Trump
In an 82-15 vote, the Senate cleared legislation for President Donald Trump’s signature to avert a shutdown of federal agencies.
September 26, 2019ATA’s Costello Optimistic About Trucking Industry Economy, With One Exception
WASHINGTON — The spot market is suffering a decline in activity this year, but contract business and the promise of improving trade negotiations between the United States and China are helping to keep the freight market on steady ground, said the chief economist of American Trucking Associations.
September 26, 2019FHWA Says New Highway Project Rule Encourages Use of Innovative Materials
The Federal Highway Administration has issued a final rule that it said will provide greater flexibility for states to use proprietary or patented materials in federal-aid highway projects.
September 26, 2019DeFazio: House Transportation Panel Likely to Take Up Highway Bill Early Next Year
WASHINGTON — The transportation committee in the U.S. House of Representatives is likely to consider a long-awaited highway bill early next year, Rep. Peter DeFazio, the chamber’s top transportation policymaker, said in an exclusive interview with Transport Topics.
September 26, 2019FMCSA Issues $77 Million in Grants Supporting Truck Safety, Driver Training
The Federal Motor Carrier Safety Administration announced more than $77 million in grants to states and training institutions to improve commercial motor vehicle safety.
September 26, 2019