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Con-way Announces Buyback of 3.75 Million Shares

Less-than-truckload carrier Con-way Inc. announced on Monday the buyback of 3.75 million shares of common stock.

May 23, 2006

FTC Says Refiners Did Not Manipulate Fuel Prices

The U.S. Federal Trade Commission said a nine-month probe of the oil industry after last year's Hurricanes Katrina and Rita showed fuel providers didn't manipulate the market.

May 23, 2006

Security & Safety Briefs — May 18 - May 24

Texas Considers Change in Speed Limit to 80 mph • Study Says Miami Has Highest ‘Road Rage’ Rate • U.S. Ports Vulnerable to Earthquake Damage

May 23, 2006

TMTA President Bill Webb to Join Frozen Food Express

Bill Webb, current president of the Texas Motor Transportation Association, announced Tuesday he was leaving his post as president to serve as senior vice president for marketing operations and stakeholder value for Frozen Food Express Industries.

May 23, 2006

FedEx May Buy Watkins for $1 Bln., Paper Reports

FedEx Corp. is planning to buy Watkins Motor Lines, the largest U.S. privately run less-than-truckload carrier, in what could be a $1 billion deal, the Memphis Commercial Appeal reported Sunday.

May 22, 2006

Mineta to Ring Nasdaq Opening Bell Tuesday

Transportation Secretary Norman Mineta will ring the opening bell at the Nasdaq Stock Market on Tuesday.

May 22, 2006

Gasoline Price Dips for First Time Since February, Lundberg Says

The average national price of self-serve regular gasoline fell for the first time since February, dropping 2 cents to $2.93 a gallon in the two weeks ended Friday, according to the latest Lundberg Survey of filling stations released Sunday.

May 22, 2006

Automatics Gear Up for ’07 Medium-Duty Diesels

Transmission manufacturers say they can alleviate some of the cost burden that will fall on buyers of 2007 medium-duty engines with their new exhaust treatment packages.

May 22, 2006

Technology Briefs — May 16 - May 22

Terion Links Trailer-Tracking to Dispatch Data • Wal-Mart Says Fleet Tech Improvements Ahead of Schedule • Kentucky Biodiesel Plant on Track for Next Year • Maine Installs Lasers to Safeguard Highway Overpass

May 22, 2006

EPA Releases Model Law for Idling Restrictions

The Environmental Protection Agency has released its model idling law, recommending that heavy-duty truck idling be limited to 30 minutes when loading and unloading and five minutes in most other circumstances.

May 22, 2006