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Qualcomm Inc. announced it is cutting 700 jobs, or about 6% of its workforce, in response to slow sales and increased competition.

TT PhotoFedEx is absolutely, positively in the freight business. Any doubt about the express carrier’s intent to compete head-on with less-than-truckload and air freight carriers was quickly dispelled during a recent interview with Kenneth A. May, its senior vice president of Air, Ground and Freight Services.

Representatives of car haulers and the Teamsters union exchanged contract proposals Feb. 5, kicking off negotiations on terms of a new National Master Automobile Transporters Agreement.

In the aftermath of AB Volvo’s agreement to sell its car division to Ford Motor Co., a semantic argument has erupted over a rival $13 billion bid for all of Volvo by Italian car and truckmaker Fiat.

The owners of a Lamar company and two employees have been sentenced in federal court for conspiracy to commit fraud.

The chairman and vice chairman of the Kansas House Transportation Committee have drafted their own transportation plan.

TT File PhotoAmericans would support a 1% tax increase to pay for smooth streets with no potholes, a new poll found. A report on infrastructure needs and environmental improvements indicated that 69% of the 800 people surveyed would be "very willing" to pay more in taxes for smoother roads.

Representatives from four ports have urged Congress to allot funds to help deepen and modify their facilities.

Detroit Diesel Corp. announced fourth quarter 1998 revenues of $563 million and record fourth quarter earnings of $10.3 million.