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Government, Business, Fuel

Oil Rises With Signs of Economic Recovery Buoying Demand

Oil worker A worker in the Permian basin outside of Midland, Texas. (Brittany Sowacke/Bloomberg News)

Oil rose the most in nearly two weeks as economic data from the U.S. to Europe and Asia signaled a flicker of life in languishing demand.

Andres Guerra Luz | Bloomberg News
August 3, 2020
Business, Technology, Equipment

HDMA President, COO Tim Kraus Plans to Retire

Heavy Duty Manufacturers Association President Tim Kraus plans to retire early next year, the organization announced Aug. 3.

Connor D. Wolf | Staff Reporter
August 3, 2020
Government, Business, Safety, Logistics

Smithfield Goes On Defensive Over COVID-19 Response

Smithfield plant in Sioux Falls, S.D. The Smithfield Foods plant in Sioux Falls, S.D. Smithfield Foods Inc. took out a full-page ad in Sunday’s edition of The New York Times to accuse its critics of false narratives and misinformation. (Dan Brouillette/Bloomberg News)

Smithfield Foods Inc. is defending its efforts to keep employees safe and supply food to the nation during the coronavirus pandemic.

August 3, 2020
Government, Business

GM Alleges Fiat Chrysler Spent Millions to Bribe UAW Leaders

General Motors headquarters General Motors' headquarters in Detroit. (Jeff Kowalsky/Bloomberg News)

General Motors is asking a federal judge to reconsider his dismissal of a lawsuit against Fiat Chrysler based on new allegations that FCA bribed union and GM officials.

Tom Krisher and Ed White | Associated Press
August 3, 2020
Business, Logistics, Top 100

Patriot Transportation Posts Net Profit on Lower Revenue for Fiscal Q3

Florida Rock & Tank Lines truck Florida Rock & Tank Lines is a subsidiary of Patriot Transportation. (IFADAT1 via YouTube)

Patriot Transportation Holding posted an increase in net income on declining revenue for its fiscal third quarter, the company reported July 29.

Connor D. Wolf | Staff Reporter
August 3, 2020
Business

US Manufacturing Improves in July, According to ISM

Metal worker using a grinder A metal worker uses a grinder. For the second straight month, the index was above 50, indicating growth in the manufacturing sector. (Phynart Studio/Getty Images)

U.S. manufacturing improved again in July with a key gauge of activity rising further into expansion territory.

Martin Crutsinger | Associated Press
August 3, 2020
Government, Business

Virus Relief Bill Remains Up in Air as Negotiations Resume

White House Chief of Staff Mark Meadows speaks during a press briefing. White House Chief of Staff Mark Meadows speaks during a press briefing about stimulus negotiations progress on July 31. (Alex Brandon/Associated Press)

Slow, grinding negotiations on a huge COVID-19 relief bill are set to resume Aug. 3, but the path forward promises to be challenging and time is already growing short.

Andrew Taylor | Associated Press
August 3, 2020
Government, Business, Safety

House Advances Water Infrastructure Policy Bill

Trucks at Port of Los Angeles Trucks at the Port of Los Angeles.

A water infrastructure policy bill that found bipartisan backing was easily advanced by the U.S. House of Representatives on July 29.

Eugene Mulero | Senior Reporter
August 3, 2020
Government, Business, Safety

Isaias Set to Hit Carolinas as Hurricane, Sweep New York

Holden Beach, N.C., ordered a mandatory evacuation of all non-residents over the July 31-Aug. 2 weekend, ahead of Isaiah's landfall.. Holden Beach, N.C., ordered a mandatory evacuation of all non-residents over the July 31-Aug. 2 weekend, ahead of Isaiah's landfall. (Ken Blevins/Wilmington Star News via Tribune Content Agency)

Isaias could cause $1.5 billion in losses as it picks up speed and strength, likely becoming a hurricane before hitting the Carolinas and posing the second tropical threat to New York in a month.

Brian K. Sullivan | Bloomberg News
August 3, 2020
Business, Technology, Autonomous

SAF-Holland to Supply Air Suspension for VW E-Delivery Truck in Brazil

VW e-vehicle SAF-Holland

SAF-Holland announced it has been selected to supply the rear-drive air suspensions for the new VW electric delivery truck in Brazil.

August 3, 2020

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