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Christian Johansson has been appointed chief financial officer for Volvo Trucks, the company said Wednesday.

Federal Reserve officials put aside concerns about the rising credit costs at their Aug. 7 meeting because they were not convinced a slowdown in inflation would last, Bloomberg reported.

YRC Worldwide said its subsidiaries will begin contract discussions with the Teamsters union for a new national master freight agreement as soon as early next month.

Crude oil rose almost $2 to close at more than $73 a barrel Wednesday, a three-week high, following a Department of Energy report that showed oil and gasoline inventories fell more than expected, Bloomberg reported.

Federal officials next month are set to unveil a requirement that automakers install side air bags by the early part of the next decade, the Detroit News reported.

The South Dakota Department of Transportation said earlier this month it has extended its waiver of some federal regulations for the petroleum transporters.

The worst part of the seemingly never-ending saga of the attempt to bring the antiquated hours-of-service rules somewhere close to the realities of 21st century trucking is the uncertainty brought on by the current game of legislative and judicial ping-pong being played in slow motion.

MINNEAPOLIS — Some of the nation’s best truck drivers arrived here last week ahead of the 70th annual National Truck Driving Championships to discuss the importance of safety on the nation’s highways and to express their sympathies as the city recovers from the deadly bridge collapse earlier this month.

Berkshire Hathaway boosted its stake in Burlington Northern Santa Fe Corp., the second-largest U.S. freight railroad, to 15%, Bloomberg reported.