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Declaring the current system irrevocably “broken,” Transportation Secretary Mary Peters unveiled the Bush administration’s final major surface transportation policy initiative — a reform of the highway program that includes unlimited tolling and an increased emphasis on private capital.

Bridgestone Firestone North American Tire said Thursday that it will raise prices by up to 10% on all of its truck, bus, pickup and passenger tires because of higher raw materials costs and persistently high fuel prices.

Goodyear Tire & Rubber Co.’s second-quarter profit rose to $75 million, or 31 cents a share, from $56 million, or 26 cents, in 2007 as stronger international sales offset a slip in the North American market, the company said Thursday.

Engine manufacturer Cummins Inc., said that its second-quarter profits rose to a record as overseas demand bolstered a recovering North American truck-engine market.

Wesley Kemp was appointed president and chief operating officer of less-than-truckload carrier ABF Freight System, the company said.

Ryder System Wednesday reported a second-quarter profit of $62.9 million, or $1.10 per share, compared with $65.1 million, or $1.07 per share, a year ago.

Finnish mobile phone maker Nokia received European antitrust approval to complete its $8.1 billion purchase of Navteq Corp., a Chicago-based provider of digital maps for in-vehicle navigation systems.

WASHINGTON — Bendix Commercial Vehicle Systems LLC demonstrated here the automatic braking system for heavy-duty trucks it will offer starting in the fourth quarter.

Heavy-duty components maker ArvinMeritor Inc. said it will buy Trucktechnic, a Belgium-based remanufacturer and distributor of commercial vehicle disc and foundation brakes and components.