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Tank truck carrier Quality Distribution reported late Monday a second-quarter profit of $2.7 million or 14 cents a share, compared with a loss of $7.9 million or 42 cents last year.

Inventories at U.S. wholesalers rose 0.7% in June, the Commerce Department said Tuesday. It was the 17th straight rise in stockpiles.

Yellow Roadway Corp., which acquired fellow less-than-truckload carrier USF Corp. in May, has reportedly reached a $7 million settlement with workers laid off when USF closed its Red Star unit last summer.

Click here to write a Letter to the Editor. .S. workers’ productivity grew at a 2.2% annual rate in the second quarter, the Labor Department reported Tuesday.

The new energy law signed by President Bush Monday will add four weeks of daylight-saving time beginning in 2007, news services reported.

Click here to write a Letter to the Editor. rude oil prices hit a new record in overnight trading on the New York Mercantile Exchange, rising to $64.27 a barrel, the first time prices have topped $64, Bloomberg reported.

The Federal Reserve Tuesday unanimously raised the benchmark U.S. interest rate a quarter-point to 3.5%, the highest since October 2001, and again said it could carry out additional increases at a “measured” pace.

Click here to write a Letter to the Editor. img src="http://www.ttnews.com/images/printeditiontag_new.gif" width=120 align=right>Under a measure passed by Congress July 29, $100 million in funding would be made available to owners of older heavy-duty diesel trucks to help them meet the Environmental Protection Agency’s emission standards for new trucks that take effect in 2007.

A Louisiana company that has trucking operations said Monday it is pursuing plans to become a fully publicly reporting firm.

Click here to write a Letter to the Editor. merican Trucking Associations has unveiled a new “Share the Road” Web site aimed at educating motorists about the safest ways to drive alongside tractor-trailers.