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Diesel Falls 11.5¢ to $4.603

The national average retail price of diesel fell 11.5 cents to $4.603 a gallon last week, the largest one-week drop in nearly two years and the second consecutive weekly decline, the Department of Energy reported.

August 4, 2008

DOT Issues Transport Plan

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.

August 4, 2008

GDP Grew 1.9% in the Second Quarter

The U.S. economy grew at a 1.9% annual rate in the second quarter, the Commerce Department said Thursday.

July 31, 2008

Bridgestone Firestone to Hike Prices by Up to 10%

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.

July 31, 2008

Deutsche Post Earnings Hurt by Costs at U.S. Express Unit

Germany’s Deutsche Post AG, parent of U.S. parcel carrier DHL Express, said its second-quarter profit fell 11% to about $396 million, or 33 cents a share, on costs to revamp its parcel delivery business in North America, Bloomberg News Reported.

July 31, 2008

Coast Guard Sets First Dates For TWIC Card Requirement

The U.S. Coast Guard has begun setting dates when truckers and others who enter ports in ports must have the government-issued Transportation Worker Identification Credential, or TWIC, that is meant to prevent terror attacks on the docks.

July 31, 2008

$8 Billion Highway Trust Fund Fix Effectively Dead

Senate Republicans voted Wednesday to continue debate on a measure that would have bolstered the Highway Trust Fund, effectively killing the bill.

July 30, 2008

Iowa Highway Reopens After Flood Repairs

Part of Iowa Highway 1 that had been severely damaged by heavy flooding last month has reopened, the state's transportation department said Wednesday.

July 30, 2008

Covenant Reports 2Q Earnings

Covenant Transportation Group said late Tuesday it lost $2.3 million, or 17 cents a share, in the second quarter, compared with a loss of $11.3 million, or 80 cents, a year ago.

July 30, 2008