Business

Oil fell more than $1 in early trading Monday after jumping more than $7 on Friday to finish last week near $85 a barrel, Bloomberg reported.

Daimler AG’s truck division, the world’s biggest truck maker, said spending on a global presence will help it fend off competition from a manufacturing alliance Volkswagen AG is forming with Scania AB and MAN SE.

In preparation for an acquisition or divestiture, carriers must be conscious of the challenges associated with these transactions. Too often, owners and management come to the deal table wishing they had been better prepared.

Congress finally has managed to come to grips with a bill that extends funding for highway and other transportation programs beyond the next few months.

I am writing today regarding the June 18 Opinion titled “Higher Bonds Still Not the Answer” by Daniel Larson, president and chief operating officer, Pacific Financial Association Inc.

New trailer orders fell 19.7% to 14,199 in May from a year earlier, ACT Research reported, but trailer manufacturers said backlogs remain strong and suggested that fleets soon will need to upgrade equipment.

While shorter stopping distances mandated last year by the National Highway Traffic Safety Administration prompted the introduction of new brake configurations in Class 8 tractors, a pending set of stopping standards for a subset of tractors is now prompting even more changes, according to truck equipment manufacturers.

Transportation Secretary Ray LaHood has announced $30 million for the replacement or repair of rural roads as part of the agency’s most recent “TIGER” grants.

Virginia transportation officials have recommended that their tolling plan for Interstate 95 include just one toll-collection location and that trucks pay $12 going each way.

President Obama has nominated Polly Trottenberg to serve as the Department of Transportation’s undersecretary for policy, the White House announced.