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Standard & Poor’s cut Cummins Inc.’s credit ratings to junk status Tuesday, citing slow sales growth at the nation’s largest maker of heavy-dty engines, Bloomberg reported.

Arkansas Best Corp. said Wednesday that the chief executive officer of its ABF Freight System Inc. unit, David E. Stubblefield, will retire in January 2003.

Caterpillar Posts Flat 3Q Earnings in 2002 • Reviewing Financial Statements, Atlas Air Says • Oil Prices Stable As Inventories Rebound • Cannon Sees Loss Widen in Fiscal 4Q; Blames Driver Shortage • And more...

Many government and private security experts not only believe more terrorist attacks will be attempted on U.S. soil, they expect the weapon of choice to be vehicle bombs.

WASHINGTON — Several new programs aimed at improving transport security, including $27 million for enhanced trucking security, probably will remain unfunded at long as the 2003 transportation appropriations bill is stalled in Congress, members of Congress and government spokesmen said.

Business inventories dropped during August for the first time four months, the Commerce Department reported Tuesday.

Dynamex Earnings Down in Fiscal 4Q • Hunt Reports Highest 3Q Ever • FedEx to Build Regional Hub • Amtrak Reported Stopping Cargo Service • EPA Has Certified Truck Engine, Detroit Diesel Says

U.S. truck fleets are seeing the second coming of air disc brakes — whether they want to or not.

Nine consecutive weeks of increases have brought the national average price of diesel fuel up 15.8 cents to $1.461 per gallon, 0.1 cent above last week, the Department of Energy reported Tuesday.

A workshop to develop a rating system for brake linings and a keynote address by Gregory Swienton, president and chairman of dedicated carriage and logistics provider Ryder System Inc., are the scheduled highlights of the Technology and Maintenance Council’s fall meeting.