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Ryder System Wednesday cut its first-quarter forecast, saying the ongoing recession has hurt its freight volumes and reduced demand.

Less-than-truckload carrier YRC Worldwide said its first-quarter freight volume fell 29% in the first quarter from a year ago because of the weak economy and its cost-cutting initiatives, Bloomberg reported Tuesday.

An ad hoc coalition including the National Pork Producers Council and 140 other business, manufacturing and agricultural organizations, sent a letter Tuesday to President Obama urging him to quickly resolve a dispute with Mexico over allowing its trucks to transport goods into the United States.

The National Trailer Dealers Association has canceled its 2009 convention, citing a need among its members to save money.

Con-way Inc. Tuesday announced a new consolidation and distribution service for shippers and consignees.

Iteris Inc., which makes lane-departure warning systems for the trucking industry, said Tuesday it acquired assets from Hamilton Signal including its Abacus system. Terms were not disclosed.

CEVA Logistics said Wednesday that it had signed an agreement to provide logistics services for fitness equipment manufacturer Technogym.

Oil fell for a third day Tuesday to near $50 a barrel as traders speculated inventories might have risen last week, Bloomberg reported.