Business

The $700 billion bailout plan (and this is just the beginning) is not for mortgages and homeowners; it’s for mortgage-backed securities. Hedge funds are the main holders.

YRC Worldwide said Tuesday it launched a Web site to make it easier for clients to access its North American divisions.

The national average price of regular gasoline plunged 35 cents in the two weeks ended Friday, to $3.31 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.

NEW ORLEANS — Meeting here amid significant economic and political uncertainty, trucking leaders last week continued shaping the industry’s priorities ahead of 2009 federal highway reauthorization negotiations.

NEW ORLEANS — Fleets can expect freight markets to weaken even further as U.S. businesses trapped in a credit crunch grapple with a recession during the rest of 2008 and throughout 2009 that could be the worst in 25 years, experts said.

NEW ORLEANS — American Trucking Associations leaders endorsed a sweeping, 18-point plan to improve highway safety for everyone — passenger cars, as well as trucks — as part of the federation’s strategy for next year’s highway legislation.

It’s another sticky-hot summer day in Grammer, Ind., population 138, and the owner of the only business in town is talking a mile a minute, his twangy Hoosier voice drowning out the eerie silence of the corn and soybean fields surrounding a gravel lot filled with rows of shiny tank trailers.

Oil closed below $80 for the first time in more than a year Friday, amid commodity price declines and worldwide economic uncertainty, Bloomberg reported.