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Truckload carrier P.A.M. Transportation Services reported a second-quarter loss of $2.4 million, or 25 cents per share, compared with a loss of $1.3 million, or 14 cents, a year ago.

The U.S. economy contracted at an annual rate of 1% in the second quarter after the worst contraction in 27 years, the Commerce Department said Friday.

I differ from the “Reregulation, Please” letter writer’s view that small carriers are offering transport service prices that are too cheap. Yes, there are some shoestring trucking operations hauling for very low freight rates, but there also are large carriers doing the same.

There were no surprises in the new federal rule designed to improve the braking power of a standard, fully loaded, tractor-trailer by almost one-third.

Navistar Inc.’s 2010-compliant engines will sell for $6,000 to $8,000 more than its previous generation of engines, the company said last week.

The House moved quickly last week to shift $7 billion to the nearly depleted Highway Trust Fund, and the Senate followed suit, although Senate leaders continued to advocate for extending current highway legislation for 18 months.

Finance and leasing industry officials said a proposal to reclassify equipment leases as a form of debt or asset, rather than an expense, would be difficult and costly for most companies to comply with.