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YRC Worldwide Inc. said it has successfully completed a debt-for-equity exchange that company officials and analysts said would give the carrier financial breathing room as it tries to overcome persistent losses.

The biodiesel industry was at a virtual standstill last week, despite an assurance by two Senate leaders they will introduce legislation “as soon as possible” to reinstate the tax credit that expired on Dec. 31.

The Federal Motor Carrier Safety Administration announced it would host a series of public “listening sessions” over its intentions to modify again its often-challenged hours-of-service rule for commercial drivers.

The average price of U.S. retail diesel rose 6.5 cents a gallon last week to $2.797, the Department of Energy reported, and additional increases may be on the way as crude oil remained above $80 a barrel.

Cummins Inc. said Friday it has received U.S. Environmental Protection Agency certification for its heavy-duty and midrange 2010 engines — the heavy-duty big-bore ISX15 and midrange ISB6.7, ISC8.3 and ISL9 units.

The U.S. unemployment rate stayed at 10% in December, the same rate as November, the Labor Department said Friday.

When the drivers at Arrow Trucking received that message telling them to take their trucks to the nearest dealership, I hope all of them drove their trucks to their homes, unloaded all their gear and then called Arrow and told them to come pick up their truck.

We all have to hope that officials of the Federal Motor Carrier Safety Administration really have their ears open when they hold their three public “listening sessions” later this month over their embattled hours-of-service rule for the nation’s truck drivers.