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Saia Buys Wisconsin LTL Carrier for $2.5 Million

Less-than-truckload carrier Saia Inc. said Thursday it has acquired Wisconsin-based LTL company Madison Freight Systems for about $2.5 million.

February 1, 2007

Security & Safety Briefs — Jan. 25 - Jan. 31

TSA Awards TWIC Contract to Lockheed Martin • Canada Passes Border Security Bill • Railroads to Get More Safety Scrutiny • EU Customs Chief Criticizes Cargo-Screening Measure

January 31, 2007

Japan’s Hino Motors’ Fiscal Third-Quarter Profit Falls 45%

Hino Motors Ltd., Japan’s largest maker of heavy-duty trucks, saw its fiscal third-quarter profit drop 45% as the company spent more to develop new models and expand production, Bloomberg reported.

January 31, 2007

Shippers Back Increasing Weight Limit for Trucks

to write a Letter to the Editor.
WASHINGTON — Shippers would like to see a switch to larger trucks, and U.S. safety inspectors monitoring size-and-weight rules could have more technology at their disposal in the coming years, according to a Transportation Research Board panel discussion here.

January 31, 2007

Construction Spending Declines 0.4% in December

U.S. construction spending fell 0.4% December, the Commerce Department said Wednesday.

January 31, 2007

January Chicago Manufacturing Index Shows Contraction

The National Association of Purchasing Management-Chicago’s manufacturing index fell in January to the first contraction since April 2003, NAPM said Wednesday.

January 31, 2007

Fourth-Quarter GDP Jumps 3.5%; Full-Year Growth Was 3.4%

The U.S. economy expanded at a 3.5% annual rate in the fourth quarter, the Commerce Department said Wednesday, the strongest since last year’s first quarter.

January 31, 2007

STB Ruling Hits Rail Fuel-Surcharge Practices

The Surface Transportation Board ruled that freight railroads not calculate their fuel surcharges as a percentage of their base rates.

January 31, 2007

FedEx Completes Acquisition of Indian Express Firm

FedEx Corp. said Wednesday it completed its previously announced acquisition of Indian firm Prakash Air Freight Pvt. Ltd. Terms were not disclosed.

January 31, 2007