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The U.S. economy contracted by 4.8% on an annualized rate in the first quarter, according to the U.S. Commerce Department, which released the gross domestic product figures April 29.

Tesla Inc. shares have soared in spite of production shutdowns, likely demand disruptions and uncertainty about how soon the electric-car maker can restore more-normal operations.

The record-long U.S. economic expansion is over after almost 11 years, with what’s likely to be the deepest recession in at least eight decades now underway.

President Donald Trump will sign an executive order April 28 meant to stave off a shortage of chicken, pork and other meat on American supermarket shelves because of the coronavirus.

Federal policymakers crafting additional ways to restore economic stability amid the COVID-19 pandemic should consider suspending a World War I-era federal excise tax on the sale of new trucks and trailers, a coalition of freight stakeholders said April 28.

The Federal Motor Carrier Safety Administration is reviewing the agency’s current seizure medical policy with an eye toward possibly eliminating a requirement that truck drivers with the condition request a special exemption from the agency.

China Merchants Group Ltd. is exploring taking China Merchants Port Holdings Co. private after shares of the state-owned conglomerate’s unit slid in Hong Kong this year, according to people with knowledge of the matter.

The California Air Resources Board has conditionally approved a slate of regulatory amendments intended to more closely monitor the additives blended into B20 biodiesel that so far have not been deemed effective at mitigating oxides of nitrogen in the alternative diesel fuel.

The nationwide average price of diesel fuel continued its fall this past week, declining 4.3 cents per gallon.

After President Trump saluted America's truckers at the White House, congressional transportation offered their own words of thanks. Here's your Capitol Agenda look at the week ahead for trucking on Capitol Hill.