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YRC Worldwide said it took another step toward financial health by winning approval from most Teamsters to cut pay by another 5% and halt pension benefits for 18 months, steps that will save at least $45 million a month.

In the face of growing pressure on the federal government to regulate oil markets and trading, the Federal Trade Commission has issued a new rule that could result in fines of up to $1 million if traders or companies are found manipulating fuel markets.

Gainey Corp., a Michigan fleet seeking to emerge from bankruptcy, has reached agreement with lenders and unsecured creditors on a plan to give an 80% holding in the reorganized company to Arizona investor Najafi Companies.

Mobile communication providers said they are keeping a close eye on a proposed federal texting ban to make sure that in-cab computers are not inadvertently outlawed if the measure becomes law.

The average retail price of a gallon of diesel in the United States rose 7.5 cents last week to $2.625, the highest level this year, the Energy Department reported.

Industrial production rose in July for the first time in nine months, the Federal Reserve said Friday.

U.S. consumer confidence fell this month for the second straight month, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.

The consumer price index was unchanged in July, the Labor Department said Friday.

A Los Angeles man has been sentenced to serve more than four years in federal prison and pay $2.7 million in restitution to 300 trucker and broker victims for his part in an Internet load-board scheme that included hacking into the Federal Motor Carrier Safety Administration’s Web site.