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Angelo Torres, the former head of a Chicago’s Hired Truck Program, pleaded guilty Friday to accepting cash in exchange for letting private companies into the $37-million-a-year project, the Associated Press reported.

Auto maker General Motors Corp. will cut its North American white-collar work force by as much as 28% in some areas, the Wall Street Journal reported..

The average retail price of regular gasoline rose almost 13 cents in the past two weeks to a record $2.10 per gallon as of March 18, according to the Lundberg Survey of stations nationwide.

The University of Michigan's preliminary consumer sentiment index declined to 92.9 in March, the lowest since November, from a final reading of 94.1 in February, Bloomberg reported..

Navistar International Corp. said late Thursday the Securities and Exchange Commission had begun a formal investigation into the company’s restatement of its financial results for fiscal years 2002 and 2003, and the first three quarters of 2004.

President Bush on Friday selected Joseph Boardman, New York state's transportation commissioner, to head the Federal Rail Administration.

The Labor Department said Friday that prices of goods imported into the United States rose 0.8% in February, following a revised 0.7% jump the month before.

President Bush on Wednesday named Rep. Rob Portman (R-Ohio) to be U.S. trade representative, replacing Robert Zoellick, who has become Condoleezza Rice's top deputy at the State Department.

Trucking companies flush with cash after several quarters of posting higher profits from surging freight volumes and increased freight rates said they were funneling more funds into equipment and real estate, making up for years of restrained buying during the economic downturn. br clear=all>