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Paccar, parent company of DAF Trucks saw earning slip to $663.9 million for the first half of 2007 from $711.9 m last year.

The Freight Transport Association has told Exchequer Secretary Angela Eagle that she must abandon plans to increase fuel duty by 2 pence per litre from 1 October.

Transport secretary Ruth Kelly has promised more than £200 million to start work on a strategic freight network.