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Trucking technology company TMW Systems has acquired Maddocks Systems, a Canadian firm that provides software for the trucking industry, TMW said Wednesday.

The Army has awarded delivery contracts to FedEx and UPS for the Defense Logistics Agency’s surface small package program, the Associated Press reported Tuesday.

Crude oil futures fell $1.10 to close at $67.50 on the New York Mercantile Exchange, the Associated Press reported Wednesday.

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.