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Iteris Receives $9.8-million FHWA Grant • Langford Inc. to Equip Fleet With Hy-Drive Systems • Arsenault Names Boetefuer President

FedEx has completed its acquisition of privately held less-than-truckload company Watkins Motor Lines, the package carrier said Tuesday.

Mack Trucks and Volvo Trucks North America have filed applications with the Environmental Protection Agency to certify their engines to 2007 emissions standards, the manufacturers said Tuesday.

Truckmaker Volvo AB will form a financing unit in China in an effort to help boost sales in the country, Bloomberg reported Monday.

Sunbelt Rentals has acquired NationsRent Co. in a merger, the construction equipment rental company said Friday.

Diesel fuel’s average national price fell 6 cents to $2.967, the Department of Energy reported Tuesday.

President Bush has chosen former federal highway administrator Mary Peters to succeed Norman Mineta as secretary of transportation, the Associated Press reported Tuesday, citing a senior administration official.

A newly discovered oil and gas pool in a deep-water region of the Gulf of Mexico could increase U.S. reserves by about 50%, the Associated Press reported Tuesday.

Construction spending plunged 1.2% in July, the Commerce Department said Friday.

Retailers in California must begin selling ultra-low-sulfur diesel fuel Friday, making it the first state to require its sale.