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President Obama signed a short-term version of the highway bill as Congress works to get him the full legislation to fund federal transportation programs through September 2014, the Associated Press reported.

Construction spending rose in May to the highest level in more than two years, the Commerce Department said Monday.

Oil fell more than $1 in early trading Monday after jumping more than $7 on Friday to finish last week near $85 a barrel, Bloomberg reported.

Daimler AG’s truck division, the world’s biggest truck maker, said spending on a global presence will help it fend off competition from a manufacturing alliance Volkswagen AG is forming with Scania AB and MAN SE.

In preparation for an acquisition or divestiture, carriers must be conscious of the challenges associated with these transactions. Too often, owners and management come to the deal table wishing they had been better prepared.

Congress finally has managed to come to grips with a bill that extends funding for highway and other transportation programs beyond the next few months.

I am writing today regarding the June 18 Opinion titled “Higher Bonds Still Not the Answer” by Daniel Larson, president and chief operating officer, Pacific Financial Association Inc.

New trailer orders fell 19.7% to 14,199 in May from a year earlier, ACT Research reported, but trailer manufacturers said backlogs remain strong and suggested that fleets soon will need to upgrade equipment.

While shorter stopping distances mandated last year by the National Highway Traffic Safety Administration prompted the introduction of new brake configurations in Class 8 tractors, a pending set of stopping standards for a subset of tractors is now prompting even more changes, according to truck equipment manufacturers.