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Government, Business, Fuel

Oil Pares Gains as Stocks Slip on Fed Warnings on Economy

Oil pumping jacks operate in a Russian oilfield on Aug. 16. (Andrey Rudakov/Bloomberg News)

Oil pared its advance Sept. 23 as stocks fell on the latest warnings from Federal Reserve officials about the economic outlook due to the coronavirus.

September 23, 2020
Government, Business

Growth in US Business Activity Stays Solid, IHS Markit Data Shows

An American flag is displayed on a factory floor in Bowling Green, Ky. An American flag is displayed on a factory floor in Bowling Green, Ky. (Luke Sharrett/Bloomberg News)

U.S. business activity continued to expand at a solid clip in September, outpacing a stagnant Europe and capping a vigorous third-quarter rebound for the economy.

Vince Golle | Bloomberg News
September 23, 2020
Government, Business, Technology, Logistics

Coming Oct. 8: Future of Freight and Supply Chain Symposium

Future of Freight symposium logo

U.S. Department of Transportation Secretary Elaine Chao, Sen. Ben Cardin and Rep. Sam Graves are among the guests who will be featured in an Oct. 8 virtual symposium, "The Future of Freight and Supply Chain Management." Learn more and reserve your seat now.

September 23, 2020
Government, Business, TCA

Poll: Californians Not Sold on Treating Uber, Lyft Drivers as Independent Contractors

Uber and Lyft have a ways to go to win 50% yes on Proposition 22. Uber and Lyft have a ways to go to win 50% yes on Proposition 22. (Dan MacMedan for GM)

Uber, Lyft and other app-based companies are in danger of coming up short with voters on a ballot measure that would allow them to again classify their workers as independent contractors, a new statewide poll shows.

Taryn Luna | Los Angeles Times
September 23, 2020
Government

House OKs Funding Bill With Highway Law Extension

House Speaker Nancy Pelosi House Speaker Nancy Pelosi restored a farm aid funding patch sought by the administration to the continuing resolution. (Manuel Balce Ceneta/Associated Press)

WASHINGTON — In a sweeping bipartisan vote that takes a government shutdown off the table, the House passed a temporary government-wide funding bill Sept. 22, shortly after President Donald Trump prevailed in a behind-the-scenes fight over his farm bailout.

Andrew Taylor | Associated Press
September 22, 2020
Government, Business, Safety

Nine More Individuals Indicted in Staged Accidents Scam in La.

Interstate 10 sign in Louisiana Most of the alleged staged accidents have taken place on Interstate 10 in the New Orleans area. (Joel Carillet/Getty Images)

Nine more people have been indicted in connection with a sweeping federal investigation into staged accidents with commercial vehicles in the New Orleans area.

Eric Miller | Senior Reporter
September 22, 2020
Government, Business, Equipment

Freight Stakeholders Press for Excise Tax Suspension

New trucks on lot New trucks sit on a sales lot in Kentucky. The groups say the excise tax adds an average of $22,000 to the cost of a new truck or trailer. (John Sommers II for Transport Topics)

A sector within the transportation community is asking the leadership on Capitol Hill to suspend a tax on the purchase of new trucks as part of a pandemic-related economic aid measure.

Eugene Mulero | Senior Reporter
September 22, 2020
Government, Business

Powell, Mnuchin Voice Optimism but Back More Economic Aid

Federal Reserve Chair Jerome Powell testifies during a House Financial Services Committee hearing on Sept. 22. Federal Reserve Chair Jerome Powell testifies during a House Financial Services Committee hearing on Sept. 22. (Caroline Brehman/Pool via AP)

Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin expressed cautious optimism Sept. 22 that the U.S. economy is rebounding from the pandemic-induced recession with federal support but that more help from the government is likely needed.

Martin Crutsinger | Associated Press
September 22, 2020
Government, Business, Safety

UPS Wants FMCSA to Reconsider Exemption Request

UPS driver in mask Luke Sharrett/Bloomberg News

UPS Inc. has requested reconsideration of the Federal Motor Carrier Safety Administration’s denial of its 2019 request for an exemption from a requirement that its driver training instructors have two years’ minimum experience as trainers.

Eric Miller | Senior Reporter
September 22, 2020
Government, Business, Safety

Tropical Storm Beta Floods Houston, Dumps Rain on Gulf Coast

A truck drives through a flooded street in Galveston, Texas, on Sept. 21. A truck drives through a flooded street in Galveston, Texas, on Sept. 21. (Jennifer Reynolds/The Galveston County Daily News via AP)

Tropical Storm Beta is flooding Houston as it slows to a crawl along the Gulf Coast, forcing highways to shut and threatening to boost water levels even more before meandering toward Louisiana.

Brian K. Sullivan | Bloomberg News
September 22, 2020

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