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Crude oil prices fell Tuesday following Federal Reserve Chairman Alan Greenspan's comments that the current oil-market "frenzy" may soon moderate, Bloomberg reported.

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LOUISVILLE, Ky. — Rival independent heavy-duty engine makers Caterpillar Inc. and Cummins Inc. said last week they would continue to win sales, despite plans by some truck makers to increasingly use their own engines.

Volvo Trucks North America said Saturday that its employees represented by the United Auto Workers ratified new three-year labor agreements covering about 2,800 UAW members at its New River Valley manufacturing plant in Dublin, Va.

The Engine Manufacturers Association said it filed a lawsuit against the California Air Resources Board, seeking to overturn the agency’s requirement that engine manufacturers upgrade emission-reduction software on many trucks operating in the state.

The New York Thruway Authority plans to begin public hearings Monday on a proposal to raise fees on the nation's longest toll road for the first time in 17 years, the Associated Press reported.

Oil prices reached a record $58.28 high in intraday trading Monday before receding to close at $57.01, Bloomberg reported.

Canadian holding company Clarke Inc. reported fourth-quarter earnings of about $430,000 or 7 cents a share, compared with a loss of $2.8 million or 40 cents a year earlier.

Power2Ship Inc., a technology company that provides supply-chain tracking and logistics information to trucking companies, said it purchased truckload carrier Commodity Express Transportation for an undisclosed sum.