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Crude oil prices surged more than $2 a barrel Tuesday after Energy Secretary Samuel Bodman said President Bush plans to double the size of the U.S. Strategic Petroleum Reserve by 2027, Bloomberg reported.

Vehicle parts manufacturer Eaton Corp. said Monday that its fourth-quarter earnings rose nearly 15% from a year ago.

Swift Transportation Co. agreed late Friday to be acquired by company founder Jerry Moyes for $31.55 a share, or about $2.74 billion, the company said.

Navistar International Corp. said Monday that it signed its previously announced $1.5 billion loan agreement.

Average U.S. retail gasoline prices fell 14 cents over the past two weeks to $2.18 a gallon, according to the latest Lundberg survey of gasoline prices released Sunday.

Georgia Weigh Stations to Use PrePass • Purolator Selects Software System from Carrier Logistics • Iowa Plans Internet Kiosks at Rest Stops • President to Address Global Warming in Tuesday Speech

WASHINGTON — Volvo AB and Mack Trucks Inc. last week unveiled a hybrid prototype of a heavy-duty Mack construction truck and company officials said their diesel-electric power supply will cut fuel costs 30% for stop-and-go trucks and buses while running much cleaner.

Trucks operating in California would be required to meet tighter emission standards under a plan proposed by Gov. Arnold Schwarzenegger (R) to spend $3.1 billion in bond money to improve four key freight corridors.

to write a Letter to the Editor.
Once again, the great Environmental Protection Agency has brainwashed the public in the name of environmental protection. As a small fleet owner of longhaul flatbed equipment, our injectors and fuel systems are taking a beating in the name of conservation.

Moody’s Investors Service cut its rating on components maker ArvinMeritor Inc., saying the company’s profits will likely remain under pressure despite recent progress in cutting its debt, Reuters reported.