Business

OPEC said current record crude oil prices do not reflect the group’s objectives and that oil is not likely to reach $100 a barrel soon, Bloomberg reported Tuesday.

ORLANDO, Fla. — John Hill, head of the Federal Motor Carrier Safety Administration, suggested the 2009 highway reauthorization package could include a mandate for fleets to install safety technology on their trucks, regardless of who wins the next presidential election.

YRC Worldwide Chairman and Chief Executive Officer Bill Zollars said he sees no sign that a yearlong slump in U.S. trucking will ease, Bloomberg reported.

The United Auto Workers narrowly approved a proposed contract with Chrysler LLC, Bloomberg reported.

ORLANDO, Fla. — Trucking executives going through a recession in their industry heard predictions that more hard times for them lay ahead in politics and the economy, but remained optimistic and prepared to take an active role in shaping their future.

ORLANDO, Fla. — Executives with American Trucking Associations endorsed a program aimed at tying several key trucking-industry issues to growing political concern about global warming.

ORLANDO, Fla. — Four months into his term as chairman of American Trucking Associations, Ray Kuntz said the nation’s inadequate highway infrastructure is worse than he had thought and that long-term highway leases to private companies are not a solution.

ORLANDO, Fla. — ATA President Bill Graves challenged industry leaders to move aggressively to lead the national debate on climate change, linking truck emission reductions to higher fuel consumption and the need for greater trucking productivity to alleviate congestion.

Kansas City Southern railroad said its third-quarter earnings jumped 58%, as it handled more autos, coal and chemicals.