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William Graves, the former head of Graves Truck Line Inc. and father of American Trucking Associations President Bill Graves died Friday at the age of 90, the Associated Press reported.

The Department of Energy said Monday the national average retail price of diesel fuel rose 5 cents to $2.244 a gallon, breaking the previous record of $2.212 set on Oct. 25.

Sensors Check Emissions at Arizona Border Crossing • Union Pacific Begins Using Hybrid Locomotive • President Names New FCC Chairman • DaimlerChrysler Plans to Sell Hydrogen Fuel-Cell Cars by 2012

The Federal Reserve’s Open Market Committee was expected to raise interest rates by another quarter-percentage point to 2.75% when it meets on Tuesday, Reuters reported.

Angelo Torres, the former head of a Chicago’s Hired Truck Program, pleaded guilty Friday to accepting cash in exchange for letting private companies into the $37-million-a-year project, the Associated Press reported.

The average retail price of regular gasoline rose almost 13 cents in the past two weeks to a record $2.10 per gallon as of March 18, according to the Lundberg Survey of stations nationwide.

Auto maker General Motors Corp. will cut its North American white-collar work force by as much as 28% in some areas, the Wall Street Journal reported..

Regional less-than-truckload carrier Central Freight Lines said it posted net losses of $8.9 million or 49 cents a share in the fourth quarter of 2004, and $20.5 million or $1.14 for the full fiscal year.

Navistar International Corp. said late Thursday the Securities and Exchange Commission had begun a formal investigation into the company’s restatement of its financial results for fiscal years 2002 and 2003, and the first three quarters of 2004.

President Bush on Friday selected Joseph Boardman, New York state's transportation commissioner, to head the Federal Rail Administration.