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Truckers Buying Less Fuel in Sign of Slowing U.S. Economy

U.S. truckers’ fuel purchases dropped the most in the three months through September of any quarter in the past 10 years, excluding recessions, a sign economic growth may be slowing.

The Ceridian-UCLA Pulse of Commerce Index, which measures the volume of driver purchases at fueling stations nationwide, dropped at an annualized rate of 4.3 percent in the three months through Sept. 30. The breadth of truckers’ deliveries makes their fuel purchases an indicator of economic health.