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Future U.S. economic vitality depends on an adequately funded rural road system that can accommodate heavier trucks, a South Dakota trucking company president told a Senate committee last week.

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.

Canada-based transportation firm Trimac Income Fund earned C$1.1 million, or 3 cents per unit, in the second quarter, compared with C$2.6 million, or 9 cents, a year ago,

DHL Express will pay the U.S. government $9.4 million in fines to settle a dispute that it made shipments to Iran, Sudan and Syria in violation of U.S. embargoes, the Associated Press reported.

As the recession deepens, there is growing awareness in the transportation industry of the role dispatchers play in keeping third-party logistics firms and freight brokerages competitive, particularly in the areas where dispatch and customer service collide.