Futures fell 0.3 percent in New York after Friday’s 0.5 percent gain. Libya’s biggest oil field cut output by more than 30 percent, a person familiar with the matter said Sunday, while the head of a union said loadings at Zueitina ceased after employees demanded better working conditions. In the U.S., drillers added three crude rigs last week, according to Baker Hughes Inc. In Libya, the Sharara field’s output has dropped to 200,000 barrels a day, the person familiar said. “After months of boosting oil production, Libya currently seems to be experiencing output disruptions,” said Michael Poulsen, an analyst at Global Risk Management Ltd. Click Read More below for more of the story.

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 0.5% in August after falling 1.1% in July. In August, the index equaled 110.3 (2015=100) compared with 109.8 in July. “August’s monthly gain, while small, was the first since March,” said ATA Chief Economist Bob Costello. “It is important to remember that ATA’s tonnage data is dominated by for-hire contract freight, with a very limited amount of spot market freight. I continue to believe that tonnage has not recovered to pre-pandemic levels for two main reasons - broader supply chain issues, like semiconductor shortages, as well as industry specific difficulties, including the driver shortage and lack of equipment. “Despite some supply chain issues, demand remains strong for trucking services generally. Truckload carriers are operating fewer trucks than a year earlier, which makes it difficult to increase freight volumes significantly,” he said.

FMCSA’s waiver approval for electronic warning beacons clears major hurdle, Morgan Stanley contends Wall Street investment firm Morgan Stanley sees the Federal Motor Carrier Safety Administration’s recent waiver to allow high-tech roadside safety beacons a turning point for autonomous trucking. “We believe this is a significant milestone in the path to widespread commercial adoption of autonomous trucking because while the overall regulatory environment for autonomous trucking is quite favorable, small practical rules friction like this has been viewed as significant hurdles by some parties pushing back on its adoption,” wrote Morgan Stanley freight transportation analyst Ravi Shanker in a research note on Monday. “This shows that regulators are open to easy and practical solutions to ease the rollout of this technology.” FMCSA recently granted a limited three-month renewable waiver to Aurora (NASDAQ: AUR), allowing the autonomous truck developer to use cab-mounted flashing warning beacons instead of reflective triangles – which much be deployed manually by the driver – to warn of a stopped truck on the roadside.