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Vehicle parts maker Eaton Corp. said Monday its first-quarter profit rose 30% from the same quarter last year, and the company boosted its guidance for 2005.

EPA Grants Fla. Fuel Waivers in Wake of Dennis • Eaton Buys Specialty Manufacturer for $54 Mln. • S.C. Dedicates Longest Cable-Suspension Bridge • UCN Signs Pact With US Truck Accessories Warehouse

Click here to write a Letter to the Editor. img src="http://www.ttnews.com/images/printeditiontag_new.gif" width=120 align=right>A panel of industry executives and state and local government officials told a Senate subcommittee they supported a plan to offer loans and grants to trucking fleets to retrofit existing diesel engines, but cautioned the full benefits of cleaner diesel technology could not be realized without the timely use of ultra-low-sulfur diesel.

Crude oil prices rose slightly Friday on concerns Hurricane Emily could head toward oil-producing Venezuela, but analysts said oil prices could drop this week on rising fuel supply.

Fitch Ratings said Monday it raised the unsecured debt rating of Ryder System to “A minus” from “BBB plus,” and revised its rating outlook to stable from positive for the company.

Truckload carrier Heartland Express Inc. said Monday its second-quarter net income rose 12.3% to $17.6 million or 24 cents a share, compared with $15.7 million or 21 cents a year earlier.

Crude oil prices fell Monday on reports U.S. inventories may be adequate to blunt the effect of storms, Bloomberg reported.

Hurricane Emily, continuing a westward track across the southern Caribbean, slammed into Mexico's Yucatan Peninsula early Monday as it headed back toward open water, but was unlikely to hit the mainland United States, weather reports said.

A major phase of a multi-year project on the Capital Beltway — Interstate 495 surrounding the nation’s capital — reopened the highway early Sunday after the weekend's construction work was finished ahead of schedule, officials said