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Private equity firm CVC Capital Partners will acquire a 47.5% interest in Pilot Travel Centers forming an equal governance partnership with parent company Pilot Corp., the companies said.

U.S. manufacturing contracted in September at the fastest pace since the last recession, the Institute for Supply Management said Wednesday.

Construction spending held steady in August, the Commerce Department said Wednesday.

The Wyoming Department of Transportation plans to impose a speed limit of 65 mph on a 52-mile stretch of Interstate 80 between Laramie and Rawlins for six months, starting Oct. 15, the Associated Press reported.

Nearly a year into the application process, more than half of the estimated 1.2 million U.S. transportation workers have not applied for their Transportation Worker Identification Credential that, beginning April 15, 2009, will be required to gain entrance to all the nation’s ports and other transportation facilities.

In this country and this economy, I, too, believe there’s a lot of unused space moving up and down our highways, creating inefficiencies.

U.S. consumer confidence improved in September, according to the latest Reuters/University of Michigan monthly consumer sentiment index, released Tuesday.

Manufacturing activity in the Chicago region grew in September, the National Association of Purchasing Management said Tuesday.