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DaimlerChrysler AG’s Truck Group expects U.S. heavy-duty truck sales to decline 39% in 2007 as stricter new emission regulations take effect, Bloomberg reported Friday.

Sen. Frank Lautenberg (D-N.J.) will chair the Transportation Safety, Infrastructure Security and Water Quality Subcommittee when Congress convenes in January, the Associated Press reported Friday.

UPS said Friday it will raise rates for ground and air shipments by 4.9%, effective Jan. 1.

New housing starts fell to their lowest level in six year, plummeting 14.6% in October, the Commerce Department said Friday.

Hendrickson Trailer Suspension Systems, a supplier of truck and trailer axles and suspensions, said it has formed a new unit to handle business for such products as tire-inflation and suspension-control systems.

Transportation and logistics firm C.H. Robinson Worldwide has increased its quarterly dividend to 18 cents a share from 13 cents a share.

Dennis Kline, vice president of worldwide truck sales and marketing for Arvin Meritor Commercial Vehicle Systems, was elected 2007 chairman of the Heavy Duty Manufacturers Association at the group’s Nov. 8 meeting.

Crude oil futures fell to a 17-month low on the New York Mercantile Exchange as traders speculated that the Organization of Petroleum Exporting Countries would fully follow through with promised production cuts, Bloomberg reported Friday.

Transportation and third-party logistics firm Pacer International on Thursday named Michael Uremovich to succeed founder Don Orris as chief executive officer.

Manufacturing growth in the Philadelphia area expanded in November, the Federal Reserve Bank of Philadelphia said Thursday.