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GM Plans to Idle Plants This Spring; Deutsche Post Splitting Off Parcel Unit; UPS Again Urges U.S. to Pull DHL’s License; Mack E-Tech Engine Moving Forward; and more...

The U.S. average retail price for diesel fell Monday for the seventh straight week, declining 1.4 cents to 139.2 cents from 140.6 cents on March 12, the Energy Department reported.

U.S. Energy Secretary Spencer Abraham said Monday that high-energy prices were damaging the U.S. economy, and he linked the rising energy costs to the risk of a recession, news services reported.

Today's technology headlines: Swedish Co. to Launch Electronic Pen; G-Log, Digital Freight to Team Up; Verizon Fights Split-Up Plan in Pennsylvania;

Oil markets gave a lukewarm response Monday to the Organization of Petroleum Exporting Countries' decision to slash crude supplies by one million barrels a day, news services reported.

Members of the Organization of Petroleum Exporting Countries have agreed to cut 1 million barrels a day, or 4% from their targeted oil output, news services reported Saturday.

In a Friday report with strong implications for the U.S. trucking industry, the Federal Reserve said industrial production fell in February for the fifth straight month.That suggests the economic slowdown may be deepening.

Flatbed and dry van truckload carrier Smithway Motor Express said it is buying assets of flatbed carrier Skipper Transportation for less than $3 million.

Port's Players Explore New Economy; Ericsson Unveils Mobile Internet Service Billing; Verizon Wireless Finishes Successful Year

The Latest Headlines: Bush Quietly Seeks Larger Tax Cut; House to Vote on More Tax Cuts Early April; Truck Stop Merger Planned; and more...