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President Obama’s latest nominee to head the Transportation Security Administration withdrew himself as a nominee due to potential conflicts raised from his past work in the defense industry, the Associated Press reported.

Increased competition is driving down insurance rates and forcing providers to offer broader coverage to transportation firms, according to in-terviews with industry specialists and new surveys.

Funding is the main obstacle to Congress’ passing a long-term highway bill, and several officials said last week it was unclear whether the bill could be done before the most recent extension of current law expires at the end of the year.

The White House Office of Management and Budget said last week it signed off on an electronic on-board recorders rule, clearing the way for the regulation to be published soon in the Federal Register.

Pension legislation garnered renewed attention in Washington last week as a senator offered a bill to aid struggling multi-employer plans, and companies, including Con-way Inc., pressed for more time to beef up their plan funding.

Fourth-quarter gross domestic product growth was 5.6%, down slightly from a previous estimate of 5.9%, the Commerce Department said Friday.

U.S. consumer confidence held steady this month, according to the latest Reuters/University of Michigan monthly consumer sentiment index released Friday.

U.S. consumer confidence held steady this month, according to the latest Reuters/University of Michigan monthly consumer sentiment index released Friday.

LOUISVILLE, Ky. — Navistar Inc. has introduced the ProStar Plus, a lighter, more fuel-efficient version of its ProStar Class 8 tractor.