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Economic activity continued to expand in mid-July through late August, but there were signs of deceleration in some districts, the Federal Reserve said Wednesday in its latest “Beige Book” report.

Freight forwarder Target Logistics said Wednesday net income for its fiscal year ended June 30 increased 73% to $2.7 million or 13 cents a share, up from $1.56 million or 7 cents in 2005.

Caterpillar Inc. will raise prices for its machinery and engines in 2007, Reuters reported Tuesday.

Iteris Receives $9.8-million FHWA Grant • Langford Inc. to Equip Fleet With Hy-Drive Systems • Arsenault Names Boetefuer President

FedEx has completed its acquisition of privately held less-than-truckload company Watkins Motor Lines, the package carrier said Tuesday.

Mack Trucks and Volvo Trucks North America have filed applications with the Environmental Protection Agency to certify their engines to 2007 emissions standards, the manufacturers said Tuesday.

Truckmaker Volvo AB will form a financing unit in China in an effort to help boost sales in the country, Bloomberg reported Monday.

Sunbelt Rentals has acquired NationsRent Co. in a merger, the construction equipment rental company said Friday.

Diesel fuel’s average national price fell 6 cents to $2.967, the Department of Energy reported Tuesday.

President Bush has chosen former federal highway administrator Mary Peters to succeed Norman Mineta as secretary of transportation, the Associated Press reported Tuesday, citing a senior administration official.