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The sudden run-up of U.S. retail diesel fuel prices moderated last week, as the average price rose just 0.7 cent to $2.808 a gallon, the Department of Energy reported. Fleet executives, however, said the respite isn’t easing their cost pressures.

Investor Warren Buffett made a dramatic bid to buy the Burlington Northern Santa Fe Corp., the largest U.S. railroad, in a move valued at $44 billion and intended to capitalize on future economic growth and intermodal’s potential.

The Federal Motor Carrier Safety Administration, in response to a legal challenge to the current hours-of-service regulations, will completely rewrite the 2008 HOS regulations, issue a proposed rulemaking within nine months and a new final rule in less than two years.

Choosing the right freight forwarder to support your transportation efforts never has been more critical than during the current crippling recession — which may or may not be abating.

Third-quarter worker productivity jumped to an annual rate of 9.5%, the Labor Department said Thursday.

The U.S. economy’s service sector slowed its expansion last month, the Institute for Supply Management said Wednesday.

Transportation and third-party logistics firm Pacer International said its third-quarter profit fell to $600,000, or 2 cents per share, compared with $20.8 million, or 59 cents, a year earlier.

Tank truck carrier Quality Distribution reported a third-quarter profit of $1.4 million, or 7 cents per share, up from $700,000, or 4 cents, a year ago.

Tank truck carrier Quality Distribution reported a second-quarter profit of $1.4 million, or 7 cents per share, up from $700,000, or 4 cents, a year ago.