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Trucking companies and their representatives were mostly positive in their reactions to the new commercial driver hours-of-service rules, while drivers’ groups were negative.

The U.S. economy expanded at an annual rate of 1.6% in the first quarter of 2003, the Commerce Department reported Friday, which was significantly weaker than analysts had predicted.

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New hours-of-service rules announced Thursday by the Department of Transportation will allow truckers one more hour of driving, but cut the number of hours they may work overall by one. In addition, it requires truckers to take two more hours off before resuming work.

The Organization of Petroleum Exporting Countries agreed Thursday to reduce oil production by 7%.

New orders for durable goods rose 2% to $173.6 billion in March, led by an increase in demand for computers and military equipment, the Commerce Department said Thursday.

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The number of fatalities from truck-involved crashes declined 3.5% to 4,902 in 2002, from 5,082 the previous year, according to the National Highway Traffic Safety Administration’s preliminary estimates..

The pace of economic activity continued to be “lackluster” during March and the first two weeks of April, the Federal Reserve said Wednesday in its regular report on the state of the U.S. economy.

Navistar International Corp., the parent of International Truck and Engine Corp., said Wednesday that Chief Executive Officer Daniel C. Ustian has also assumed the operating responsibility for the company's truck group.