12 Jul Trump Hits Out at China Over Slowing Agricultural Purchases President Donald Trump complained that China hasn’t increased its purchases of American farm products, a promise he said he had secured at a meeting with the country’s president, Xi Jinping, at the Group of 20 summit last month. Read more...
12 Jul Tropical Storm Barry Set to Dump Two Feet of Rain on Louisiana The leading edge of Tropical Storm Barry’s wind and rain is reaching Louisiana, where communities including New Orleans are bracing for a downpour that threatens to inundate already-high waterways. Gulf of Mexico operators have shut-in 1.01 million barrels a day of oil production. Read more...
12 Jul VW, Ford Extend Collaboration to Electric, Self-Driving Cars Volkswagen AG and Ford Motor Co. will cooperate on electric and self-driving car technology, sharing costs on a global scale to take a major step forward in the industry’s disruptive transformation. Read more...
11 Jul Incoming and Outgoing Leaders at Port Association Agree on Big Issues The head of the American Association of Port Authorities, Kurt Nagle, is stepping down after more than three decades with the group, and is handing the reins to industry veteran Chris Connor. Read more...
11 Jul Budget Gap Widens to $747 Billion in Nine Months Through June The U.S. budget deficit widened by 23% to $747.1 billion in the first nine months of the fiscal year, as rising spending eclipsed a small bump in revenue from the Trump administration’s tariffs. Read more...
11 Jul Senate Committee Approves STB Nominee Michelle Schultz The Senate Commerce Committee advanced by voice-vote approval the nomination of Michelle Schultz for a seat on the Surface Transportation Board. Read more...
11 Jul In Final Order, Wiley Sanders Truck Lines to Pay $3 Million for Illegally Transporting Hazmat A federal judge has issued a criminal judgment requiring Wiley Sanders Truck Lines of Troy, Ala., to pay a fine of $3 million for illegally transporting thousands of pounds of lead-contaminated plastic battery chips. Read more...
11 Jul New Penn Consolidates Administration in YRC Worldwide’s Kansas HQ New Penn Motor Express said it will close its administrative office at its Lebanon, Pa., headquarters and consolidate it with the YRC Worldwide field resource center in Overland Park, Kan. Read more...
11 Jul Ford-VW Alliance Seen Amping Up Pressure on Other Automakers The soon-to-expand alliance between Ford Motor Co. and Volkswagen AG has the potential to transform the global auto industry and increase pressure on other manufacturers developing electric and self-driving cars, analysts said. Read more...
11 Jul Trump Defends Refinery Waivers by Noting Expanded Ethanol Sales President Donald Trump has cited his move to allow year-round sales of high-ethanol gasoline as farmers pressure him to dial back decisions to exempt oil refineries from biofuel-blending mandates, signaling the president sees the two issues as related. Read more...