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This afternoon's headlines: Volvo seeks more than market value for Scania stake; Dana to sell its European replacement-parts subsidiary; oil prices drop after Iraq denies rumors of production cuts; and more.

Investment analysts say labor relations issues with the Teamsters union were a significant factor in the FedEx deal to buy American Freightways and operate it with Viking Freight as a nationwide less-than-truckload carrier.

The plunge in heavy truck sales continued in October, with total sales of 14,440 down 37.1% from the 22,945 sold in October 1999.

Automation does not necessarily mean fewer jobs, said the head of a company selling software designed to shortcut scores of steps in the way third-party logistical companies do business.

The federal government’s first study of truck sizes and weights in nearly 20 years examines ways of increasing productivity through wider use of heavier or longer vehicles as well as potentially adverse effects of allowing increases in dimensions but draws no conclusions and makes no recommendations.

The Ontario Teacher’s Pension Plan on Friday agreed to pay Hong Kong’s Orient Overseas $2.35 billion for four North American container terminals, Bloomberg reported.

In the news this morning: Crude prices drop after Thanksgiving holiday; DaimlerChrysler to add 5,000 commercial truck jobs in Germany; FedEx's Smith recovering from heart surgery; and more.

Billionaire investor Kirk Kerkorian filed suit Monday against DaimlerChrysler for more than $9 billion, saying the giant German vehicle manufacturer deceived shareholders when it bought Chrysler Corp. in 1998, news services reported.

This afternoon's headlines: Ontario truckers threaten election-day fuel protests; Airborne Express to offer electronic document delivery; Isuzu reports losses due to competition; and more to come.