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The U.S. Transportation Department’s transportation services index fell 0.4% in July from June and the freight index also declined, DOT said Tuesday.

UPS has completed the launch of its Billing Analysis Tool, the package carrier said Wednesday.

Ford Motor Co. announced Tuesday that former Boeing executive Alan Mulally will replace Bill Ford as the company’s chief executive officer.

Worker productivity rose at a revised 1.6% annual rate in the second quarter, up from an initially-reported increase of 1.1%, the Labor Department reported Wednesday.

Trucking technology company TMW Systems has acquired Maddocks Systems, a Canadian firm that provides software for the trucking industry, TMW said Wednesday.

The Army has awarded delivery contracts to FedEx and UPS for the Defense Logistics Agency’s surface small package program, the Associated Press reported Tuesday.

Crude oil futures fell $1.10 to close at $67.50 on the New York Mercantile Exchange, the Associated Press reported Wednesday.

Economic activity continued to expand in mid-July through late August, but there were signs of deceleration in some districts, the Federal Reserve said Wednesday in its latest “Beige Book” report.

Freight forwarder Target Logistics said Wednesday net income for its fiscal year ended June 30 increased 73% to $2.7 million or 13 cents a share, up from $1.56 million or 7 cents in 2005.

Caterpillar Inc. will raise prices for its machinery and engines in 2007, Reuters reported Tuesday.