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Jobs, Stocks Boost Consumers’ Outlook on Economy

American consumers are more upbeat about the economy than at any time in more than a year against a backdrop of steady job gains and record stock prices.

December 19, 2019

Oil Trader Vitol Sues US for $52 Million Tax Refund

A subsidiary of Vitol Group, the biggest independent oil trader, is demanding that the U.S. government return more than $52 million in fuel taxes the Rotterdam-based company says was improperly collected.

December 18, 2019

Daimler to Pay $20 Million Penalty Over Mercedes Recall Lapses

Daimler AG’s Mercedes Benz has agreed to pay as much as $20 million in penalties for violations of how it operated its vehicle recall program.

December 18, 2019

2019: Hours-of-Service Rule, ELDs and Roads Dominated Political, Regulatory Concerns

For the trucking industry, 2019 was a year of transition, replete with regulatory victories and disappointments.

December 20, 2019

US Energy Chief Shrugs Off Permian Oil Slowdown as ‘Pause’

The golden age of U.S. shale is far from over, with an expected slowdown in the Permian Basin likely to be temporary, according to new U.S. Energy Secretary Dan Brouillette.

December 18, 2019

Shipping Industry Proposes Fund to Tackle Carbon Emissions

BERLIN — A global shipping industry organization is proposing a research and development program to help cut carbon dioxide emissions, funded by about $5 billion from shipping companies over a decade.

December 18, 2019

DOT Announces Combating Human Trafficking in Transportation Impact Award

Transportation Secretary Elaine Chao is launching an award for transportation industry representatives to incentivize increased awareness and prevention of human trafficking.

December 17, 2019

PSA’s Board Approves Merger With Fiat Chrysler

The board of Italian-American automaker Fiat Chrysler Automobiles NV approved a merger with PSA Group of France to create the world’s fourth-biggest auto manufacturer, people familiar with the situation said.

December 17, 2019

House Approves Fiscal 2020 Transportation Funding Bill

Funding for freight safety programs would be increased and infrastructure grants would receive $1 billion under fiscal 2020 legislation the U.S. House of Representatives advanced Dec. 17.

December 17, 2019

Missouri Taps Into Checkbook for Road Projects

JEFFERSON CITY — An additional lane on Interstate 70 in O’Fallon, Mo., and a new roadway for a long-sought riverside development in St. Charles are on tap as part of an outlay of state and local transportation dollars announced Dec. 16.

December 17, 2019