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Private equity firm Allied Corp. invested $59.1 million into the recapitalization of diesel engine and parts distributor Penn Detroit Diesel Allison, the Associated Press reported Tuesday.

Ozburn-Hessey Logistics said it has acquired Barthco International, Freightek Inc. and Turbo Logistics.

Crude oil fell $2.35 to $74 a barrel on the New York Mercantile Exchange Thursday, the steepest decline since May 15, Bloomberg reported.

In an effort to relieve to the state’s diesel shortage, officials in Colorado have relaxed trucking regulations to allow drivers hauling the fuel to work longer hours, the Associated Press reported Wednesday.

U.S. wholesale inventories rose 0.8% in June, the Commerce Department said Wednesday.

Summer 2006 retail diesel fuel prices are expected to average $2.91 per gallon, 50 cents higher than last year's average of $2.41 per gallon, the Department of Energy said Tuesday.

Vehicle parts maker Eaton Corp. said Wednesday it reached agreement with Dover Resources to purchase its industrial filtration unit Ronningen-Petter. Terms were not disclosed.

American Trucking Associations has launched a new membership benefit aimed at generating greater purchasing power for small motor carriers.

Private fleets, in the past often the overlooked stepchild of large parent corporations when they considered their technology spending, have increased their funding of new technologies and tech roll-outs in recent years.

Ford Recalls 1.2 Million Light Trucks and SUVs • Highway Watch Trains Record Number in July • ‘Big Dig’ Ramp Reopens Following Tunnel Collapse • Ryder to Offer LoJack Vehicle Tracking Systems • And more...