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FTC Rule Could Result in $1 Mln. Fine for Illegal Manipulation of Fuel Prices

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.

August 17, 2009

Technology Firms Say Potential Texting Ban Should Allow In-Cab Communication Units

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.

August 17, 2009

Rural Highway System Is Vital to Commerce, S.D. Trucking Executive Tells Senate Panel

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.

August 17, 2009

Investor to Acquire 80% Stake in Gainey Reorganization Plan

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.

August 17, 2009

Record Number of Truckers Head to Pittsburgh to Compete in Annual Super Bowl of Safety

Despite a challenging economic climate, a record number of drivers will participate in the National Truck Driving Championships this week.

August 17, 2009

Oberstar Blasts White House over 18-Month Road Bill Delay

Rep. James Oberstar, chairman of the House Transportation and Infrastructure Committee, accused the White House of running for cover in its push to delay consideration of a new highway bill for 18 months.

August 17, 2009

Diesel Rises 7.5瞽 to $2.625

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.

August 17, 2009

Biodiesel Group Says EPA Rule Threatens Future Production

A proposed U.S. Environmental Protection Agency rule designed to expand biofuel use actually has brought the biodiesel market to a grinding halt, because it does not allow most blends of soy oil, according to the National Biodiesel Board.

August 17, 2009

Trimac Reports Lower 2Q Income

Canada-based transportation firm Trimac Income Fund earned C$1.1 million, or3 cents per unit, in the second quarter, compared with C$2.6 million, or9 cents, a year ago,

August 13, 2009

DHL Fined $9.4 Million for Embargo Violations

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.

August 12, 2009