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Consumer personal spending dropped 1% in October, the biggest drop since the 2001 contraction, the Commerce Department said Wednesday.

Consumer confidence unexpectedly rose in November as falling gasoline prices provided relief for consumers, the Bloomberg said Tuesday.

The U.S. economy contracted more than previously estimated, shrinking by 0.5% in the third quarter, the Commerce Department said Tuesday.

Transport Topics Online will be closed Thursday and Friday for the Thanksgiving holiday. Please check back on Monday, Dec. 1, for the latest trucking and freight transportation news.

The federal government has awarded a $110 million grant toward a plan to turn some of metropolitan Atlanta's HOV lanes into HOT lanes, Secretary of Transportation Mary Peters announced Tuesday.

Clean Energy Fuels Corp. has started up its California LNG Plant in Boron, Calif., the company said Monday.

Navistar International Corp. will use federal emission credits to enable its new Class 8 engine to meet 2010 federal emission standards, although the engine could be set up to comply with the regulation without the credits, a Navistar executive said.

Crane Worldwide Logistics said it has completed four acquisitions expanding its freight management and contract logistics services in Asia, Europe, and Latin America.

Pacer International announced last week that its subsidiaries will deploy 230 new clean trucks this month to comply with Southern California port regulations.