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The Department of Transportation on Thursday granted Texas approval to award $1.8 billion in bond financing to the private developer selected to build State Highway 121 near Dallas, the Department of Transportation said.

Truckload carrier Celadon Group reported late Thursday it earned $7.1 million or 30 cents a share in its fiscal first quarter ended Sept. 30, up 51.1% from 4.7 million or 20 cents a share in 2005.

Crude oil futures closed over $58 a barrel on the New York Mercantile Exchange following an announcement by Saudi Arabian oil minister Ali al-Naimi that the OPEC cartel will reduce its oil output by 1 million barrels a day, Bloomberg reported.

Eastern freight rail line CSX Corp. late Tuesday reported third-quarter earnings of $328 million or 71 cents a share, compared with $164 million or 36 cents in the previous year.

he Federal Motor Carrier Safety Administration has added congestion relief to its continued emphasis on truck safety in a listing of the agency’s priorities for the next five years and said that industry competition may affect safety.

New housing starts rose 5.9% in September, the Commerce Department said Wednesday.

U.S. consumer prices in September posted their biggest decline since November, falling 0.5% after a 0.2% gain in August, the Labor Department reported Wednesday.

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Crude Oil futures dipped below $57 a barrel at the close of trading on the New York Mercantile exchange Wednesday, driven down by larger-than-expected U.S. reserves, Bloomberg reported.

Truckload carrier Heartland Express on Wednesday reported its third-quarter net income rose to $23 million or 23 cents a share, up from $17.5 million or 18 cents a year ago.