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Bridgestone/Bandag Deal Gains EU Antitrust Clearance

Tire maker Bridgestone Corp. has secured European antitrust approval to buy Bandag Inc. for $1.05 billion, Bloomberg reported Tuesday.

May 29, 2007

Knight Raises Quarterly Dividend

Truckload carrier Knight Transportation said Tuesday its board raised the company’s quarterly cash dividend, declaring a dividend of 3 cents per share, an increase of 50%.

May 29, 2007

Diesel Climbs 1.4¢ to $2.817

Diesel fuel’s national average pump price rose for a second straight week, gaining 1.4 cents to $2.817 a gallon, the Department of Energy said Monday.

May 30, 2007

Durable Orders Rise for Third Month

Durable goods orders rose for a third straight month in April, gaining 0.6%, the Commerce Department said Thursday.

May 24, 2007

Biofuels May Boost Gas Prices, N.Y. Times Says

Continued record high gasoline prices may become a trend, due in part to an expansion in biofuel development, according to some oil executives, the New York Times reported Thursday.

May 24, 2007

Calif. Seeks Stricter Greenhouse-Gas Rules

California has asked U.S. regulators for permission to set its own environmental rules for reducing global warming emissions from passenger vehicles, Bloomberg reported.

May 23, 2007

Covenant Renames Holding Company

Covenant Transport said Wednesday its stockholders approved a name change to the truckload carrier’s corporation to Covenant Transportation Group Inc.

May 23, 2007

Pa. Trucking Group Says Plan to Lease Turnpike Unpopular

The Pennsylvania Motor Truck Association reiterated its opposition to a plan to lease the Pennsylvania Turnpike, saying that a state report was limited in scope.

May 23, 2007

House Passes Bill Targeting Gasoline Price Gouging

The House approved legislation Wednesday that would make gasoline price gouging a federal crime, subjecting companies to as much as $150 million in fines, Bloomberg reported.

May 23, 2007