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Crude oil futures closed at $70.40 a barrel on the New York Mercantile Exchange Monday, setting a closing-price record, Bloomberg reported.

An environmental group has challenged new federal regulations for light-truck fuel-economy regulations, Bloomberg reported Monday.

American Trucking Associations President Bill Graves has named Daniel Stanley to the position of senior vice president-chief of staff.

Transport Topics Publishing Group said it has unveiled an online resource called Transport Topics CareerCenter for employers and job seekers.

Rail intermodal traffic jumped 8.7% last week compared with the same week last year, the Association of American Railroads reported.

Ford Motor Co. plants to close plants in Minnesota and Virginia in 2008 as part of its restructuring plan, the automaker said Thursday. Both facilities make light trucks.

A persistent shortage of freight-hauling capacity and the reluctance of many fleets to make trailers available for loading and unloading are leading shippers to use more of their own trailers to manage the distribution of their goods, trucking and trailer industry officials said.

In the largest privatization of a highway project in U.S. history, Indiana officials signed a $3.8 billion agreement to turn the 157-mile Indiana Toll Road over to a Spanish-Australian group that will operate the road for the next 75 years, the Associated Press reported.

ARLINGTON, Va. — Trucking industry leaders and shippers resumed their call for longer, heavier trucks on the interstate system, saying bigger vehicles will help ease the freight-capacity crunch without posing a safety problem.

Industrial production rose 0.6% in March, the Federal Reserve said Friday.