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Despite oil prices near record highs, increased energy efficiency has helped U.S. businesses grow and the economy remain healthy, the Wall Street Journal reported Tuesday.

Qualcomm Inc. said Tuesday it named Paul Jacobs to succeed his father, company founder Irwin Jacobs, as its chief executive officer.

Less-than-truckload carrier Overnite Transportation Co. said Tuesday it had reduced transit times to three days from four to five days between Southern California and the Southeast.

Opponents of a Kentucky bill that would allow some trucks to carry 120,000 pounds rather than the current 80,000-pound limit are hoping to derail it in the state’s General Assembly, the Associated Press reported.

California’s attorney general asked a federal judge to throw out a lawsuit filed by auto makers that seeks to block the state’s plan to curb car and truck emissions, Bloomberg reported.

Yellow Roadway Corp. moved to Standard & Poor’s MidCap 400 index from the S&P SmallCap 400, the financial ratings service announced.

Terion Adds Solar Option to Trailer-Tracking Technology • Qualcomm, IDSC to Provide In-Cab Fuel Services • Clean Air Group Urges Funding Diesel Retrofits • Wabash to Invest in New Trailer Lines • And more...

Crude oil futures rose to near an all-time high Tuesday, closing at $54.59 a barrel, Bloomberg reported.

The Department of Transportation said Monday its transportation services index fell 0.2% in December, the first decline after three consecutive monthly increases.

TAMPA, Fla. — ChevronTexaco Inc. said new refining methods that turn natural gas into a no-sulfur diesel could lower the price of trucking’s primary fuel.