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Though a recent federal court decision struck down United Parcel Service's policy against hiring truckers with monocular vision to drive trucks under 10,000 pounds, an expert says the decision won't have much of an effect on the trucking industry.

In the news this morning: Canadian firm Clarke buying four U.S. companies; LTL carrier Old Dominion expects lower 4Q earnings; potential Saudi oil cut drives crude prices higher; and more.

This afternoon's headlines: U.S. import, export prices fall in December; new jobless claims fall, but labor market seen easing; Thermo King inks 5-year deal with U.S. Air Force; and more.

Today's technology headlines: Wireless phones shed keypads to make way for bigger screens; Western Multiplex calls off Adaptive Broadband buy; parcel carriers use electronic communications to power reverse logistics operations; and more.

President-elect Bush announced former State Department official Robert Zoellick as his choice for U.S. Trade Representative Thursday. Bush also named former Department of Transportation official Elaine Chao as his new pick to head the Deparment of Labor.

Global parcel giant United Parcel Service is buying freight forwarder Fritz Cos. for $450 million in stock, the companies announced Wednesday morning.

New statistics from a Toronto researcher reveal that the life expectancy for male truck drivers is 15 years less than for the rest of the male population of the United States, and a poor diet is to blame.

In the news this morning: Cummins laying off 140 at Ind. plant; UPS said to eye Manila hub; Crude prices up slightly on gasoline stockpile ideas; and more.

FedEx Corp. on Wednesday announced that its FedEx Express subsidiary and the U.S. Postal Service have approved two service contracts - one for domestic air transportation of postal express shipments, the other for placement of FedEx drop boxes at U.S. post offices.

Airborne Inc. – the parent of Airborne Express – said Wednesday that it expects to report a loss ranging from 23 cents to 33 cents a share in the fourth quarter and plans to implement a rate increase.