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Diesel Rises 1.5瞽 to $2.231; Gas Gains 6.9瞽

The national average price of diesel fuel rose for a second straight week, gaining 1.5 cents to $2.231 a gallon, the Department of Energy said.

May 19, 2009

Consumer Confidence Highest Since September

U.S. consumer confidence has improved to the highest level since September, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.

May 15, 2009

YRC to Apply for Bailout Funds, Journal Says

Less-than-truckload carrier YRC Worldwide plans to ask for $1 billion in federal bailout money to help relieve its pension obligations, the Wall Street Journal reported Friday.

May 15, 2009

April Consumer Price Index Unchanged

The consumer price index was unchanged in April, though prices excluding food and fuel rose, the Labor Department said Friday.

May 15, 2009

New York Manufacturing Index Improves

Manufacturing activity in the New York region contracted the least since August this month, the Federal Reserve Bank of New York said Friday.

May 15, 2009

Trucking Hit by Perfect Storm, Hebe Says

SAN DIEGO A perfect storm of a nose-diving economy, high fuel prices and governmental missteps have all combined to ravage the trucking industry and the companies that supply its equipment, according to Jim Hebe, senior vice president of North American sales for Navistar Inc.

May 18, 2009

YRC in Talks With Lenders

YRC Worldwide Inc. said last week it was talking with lenders about a possible third renegotiation of its credit agreement, and that it had deferred almost $40 million in pension-fund payments.

May 18, 2009

Congress Seen Taking Lead On Transport Policy, Not DOT

The debate over future surface transportation policy is likely to be directed by Congress, rather than the Obama administration, several industry lobbyists said following the recent release of nu-merous documents.

May 18, 2009

Volvo Backs Use of Longer, Heavier Trucks

BOSTON Volvo Trucks joined the argument over allowing longer, heavier trucks on U.S. highways, saying Congress should allow them on the interstate system to relieve congestion, increase productivity, conserve fuel and cut greenhouse gas emissions.

May 18, 2009

Intermodal Freight Volume Falls 16% in First Quarter

Intermodal freight volume declined 16% in the first quarter of 2009 from a year earlier, in part because of stiffer truck competition for trailer shipments, the Intermodal Association of North America reported.

May 18, 2009