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The Federal Reserve on Tuesday raised interest rates another quarter-point and said the economy had been hit by energy costs but was poised for faster growth.

The U.S. average price for retail diesel fuel increased 3.4 cents to a record $1.814 per gallon, the Department of Energy said Monday.

Several U.S. fleet executives said the Supreme Court’s June decision not to interfere with the opening of the entire United States to Mexican trucks created a business opportunity that relatively few companies might be eager to fill.

Productivity Rises at 2.9% Clip in 2Q • Trucker Jailed After Illegal Immigrants Found in Trailer • EPA Reviews Baton Rouge Decision

FedEx Corp. said Monday it agreed to acquire Parcel Direct for $120 million in cash.

Major players in the trucking industry are trying to forge a consensus over what financial incentives they will ask Congress to provide to encourage the use of cleaner-burning diesel engines as the effective date of new federal pollution rules draws nearer, officials said.

A California government review panel last week recommended replacing the California Air Resources Board with a single director in a division of air quality inside the California Environmental Protection Agency.

UAW to Vote on Caterpillar’s Contract on Aug. 15 • Wholesale Inventories Rise 1.1% in June • Economists Lower 3Q Growth Estimates • Fed Expected to Raise Interest Rates on Tuesday • And more...

California Pushes for Truck-Stopping Device • XM Satellite's Net Loss Widens • Iteris Earns $1 Million in Fiscal 1.

The Department of Transportation said Friday its Transportation Services Index rose 0.1% in May to a record 124.3, while the freight TSI also hit another new high..