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New Jersey Budget Dispute Closes State DMV, Halts Road Projects

A dispute between New Jersey Gov. Jon Corzine (D) and state legislators over a proposed sales tax hike has shut down the states government, including the states Division of Motor Vehicles, news services reported Wednesday.

July 5, 2006

FMCSA Revises Cargo Tie-Down Rules

The Federal Motor Carrier Safety Administration announced its final revisions to its 2004 cargo tie-down rule, clarifying placement of straps and easing the standard for how securely cargo must be tied to prevent it from moving while a truck is in operation.

July 5, 2006

ISM Manufacturing Index Drops in June

The Institute for Supply Managements manufacturing index slowed in June, the group said Monday.

July 5, 2006

Eaton Unveils Heavy-Duty Products, Including Automated Transmission

KALAMAZOO, Mich. Truck equipment manufacturer Eaton Corp. has unveiled several products for heavy-duty trucks, including a new automated transmission, a hybrid electric power system and a diesel exhaust aftertreatment system.

July 5, 2006

Boutique Fuels Not to Blame For Price Spikes, Panel Says

Special boutique fuel blends produced to meet local air-quality requirements did not contribute to the recent supply shortages and dramatic nationwide run-up of fuel prices, according to a task force of federal and state officials.

July 5, 2006

Construction Spending Drops 0.4% in May

Construction spending fell 0.4% in May, the biggest drop since September 2004, the Commerce Department said Monday.

July 5, 2006

Crude Oil Price Sets Record, Closing at $75.19 a Barrel

Crude oil futures set a record on the New York Mercantile Exchange Wednesday, closing at $75.19 a barrel, two cents over the previous record set on April 21, Bloomberg reported.

July 5, 2006

Velocity Express to Acquire CD&L for $3 a Share

Package-delivery company Velocity Express said Wednesday it has reached agreement to acquire CD&L Inc., also a package-delivery firm, for $3 a share.

July 5, 2006

Research Progressing on Coal-Derived Diesel, Times Reports

Commercial research on producing diesel fuel from coal is showing some progress in light of high oil prices, the New York Times reported Wednesday.

July 5, 2006

Indiana Finalizes $3.8 Billion Toll Road Lease

Indiana finalized its leasing of the Indiana Toll Road in a $3.8 billion, 75-year lease plan to a foreign consortium of investors, the Associated Press reported.

June 30, 2006