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A federal judge ordered Union Pacific Railroad to pay "several million dollars" to a New Orleans power company for its inability to deliver contracted coal loads during late 1997 and early 1998.

James P. Hoffa won a federal overseer's approval Thursday to assume the Teamsters presidency. However, the election monitor barred one of his running mates from taking office.

AB Volvo will use the $6.5 billion Ford will pay for its passenger car division to expand its truck and other commercial products businesses, according to Volvo spokesman Stefan Lorentzson.

In an attempt to heal a rift with a key lawmaker, American Trucking Associations President Walter McCormick met Jan. 28 with Rep. Frank Wolf (R-Va.), chairman of the House Transportation Appropriations Subcommittee.

More than 15 state trucking association executives are scheduled to meet Jan. 31 in Dallas to discuss the future of their organizations and their relationship with American Trucking Associations.

Ford Motor Co. announced Thursday that it will buy the passenger car division of Sweden's Volvo AB.

The federal Department of Transportation will move ahead with promoting a "sandwich protocol" for a national standard to guide design of technology using Dedicated Short-Range Communications.

Wabash National Corp. is the target of two class action lawsuits following the company’s disclosure that profits for 1998 would be negatively affected by three special charges.

Union Pacific Railroad sold nearly 125 acres of its land at the Port of Oakland to port authorities for $70 million.