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Pemex Faces Oil Trading Team Exodus Amid Pricing Review

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, 2019

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, 2019

Consumer 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, 2019

Durable 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, 2019

A 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, 2019

Congress 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, 2019

ATA’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, 2019

FHWA 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, 2019

DeFazio: 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, 2019

FMCSA 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