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Midway Airlines Shuts Down Operations; Trucks Given OK to Carry Blood to NYC; Postal Service Proposes Stamp Hike; Grounding of Planes Lowers U.S. Oil Demand; and more...

Stock markets in Europe began to rebound on Wednesday following Tuesday’s large losses, but Asian markets plummeted, prompting quick action from central banks to calm investors' nerves.

In what is being called the worst terrorist attack in U.S. history, two large commercial planes crashed into the World Trade Center in New York, causing the two towers to collapse, and one aircraft hit the Pentagon, news services reported.

The average price of diesel fuel has increased nearly 7 cents per gallon since Tuesday's terrorist attacks in the United States, according to T-Chek Systems.

The series of terrorist attacks on Tuesday morning in the United States grounded freight airliners throughout the country, forcing trucks into action to carry freight normally shipped on airplanes.

William J. Canary, interim president and chief executive officer of the American Trucking Associations issued a statement in response to Tuesday's terrorist attacks in the United States. In addition, ATA noted that emergency rules under Federal Motor Carriers Safety Regulations had been triggered, including provisions on drivers' service hours.

The following is a listing of route closings in the New York area as of 5 p.m. EDT from Transcom, a coalition of highway, transit and public safety agencies in New York, New Jersey and Connecticut.

Cellphone Liability Issues Mount; Wireless Popularity Grows as Devices Shrink; Cell Phones Overwhelm 911 System; and more...

Peters Hearing Scheduled for Friday; Mexican Truck Maker Shuts Plant; Republicans Consider New Tax Cuts; ATA Urges Congress Not to Back SHIPA; and more...