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Transportation Secretary Norman Mineta on Tuesday named David Hugel deputy administrator of the Federal Motor Carrier Safety Administration.

WASHINGTON — An official with Volvo Trucks North America said the company expects the driving stabilization system built with Bendix that helps prevent rollovers will be utilized by about half or more of the buyers of its Class 8 trucks by the end of the decade, up from about 25% today.

President Bush has nominated John Hill to be administrator of the Federal Motor Carrier Safety Administration, the White House said Wednesday.

UPS Inc. said this week it will remove the current 12.5% limit on its air fuel surcharges next month, in light of rising oil prices.

Truck repossessions and liquidations have been high for the past five quarters, but those trucks are reselling at a brisk pace, Nassau Asset Management said Tuesday.

The average national price of retail diesel fuel continued to climb, rising 2.3 cents to $2.92 a gallon, the Department of Energy reported Monday.

U.S. industrial production rose 0.8% in April, the Federal Reserve said Tuesday.

Wal-Mart Stores said Tuesday its first-quarter profit rose 6.3% to $2.62 billion or 63 cents a share, up from $2.46 billion or 58 cents a year earlier.

The producer price index rose 0.9% in April, led by a surge in gasoline prices, the Labor Department reported Tuesday.

U.S. new housing starts fell 7.4% in April, declining for the third straight month, the Commerce Department reported Tuesday.