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Engine and heavy-equipment manufacturer Caterpillar Inc.’s board of directors voted to raise the company’s quarterly cash dividend 5 cents to 30 cents per share, a 20% increase, the company said Wednesday.

Michelin Americas Truck Tires and truck stop chain Petro Stopping Centers have signed a three-year agreement by which Petro will sell BF Goodrich commercial truck tires and Michelin retreads.

A British ports firm has accepted a $4.6 billion takeover bid from New York investment firm Goldman Sachs Group and partners, Bloomberg reported Wednesday.

U.S. consumer prices rose 0.4% in May, the Labor Department reported Wednesday.

David Hugel, the new deputy administrator of the Federal Motor Carrier Safety Administration, said he would be receptive to hearing from all interested parties on various regulations, including an upcoming rule governing the use of electronic monitors for driver hours of service.

Carriers regularly going to and from Canada and Mexico from the United States are doubtless already aware that new security criteria for those enrolled in the Customs-Trade Partnership Against Terrorism became effective March 13.

WASHINGTON — John Hill, the Bush administration’s nominee to head the Federal Motor Carrier Safety Administration, faced questions about truck size and weight and the agency’s on-going effort to revise driver work rules during his Senate confirmation hearing here June 8.

Those of us who can recall what it was like to have the national speed limit reduced to 55 mph back in the early 1970s should also recall how drastic a measure that seemed to be, especially for truck drivers.

Texas Lane Restrictions Working Well, Officials Say • Florida Driving School Officials Charged • New Mexico Road-Widening Planned • Tropical Storm Alberto Leaves Little Damage

The U.S. economy continued to expand from mid-April to through early June, but there were signs of deceleration in some areas, the Federal Reserve said Wednesday.