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AB Volvo transferred some 41 million shares of its stock to Renault SA Jan. 2 as payment for 100% of the shares in the French company’s truck business.

Volvo Trucks North America no longer wants to talk about its much-advertised “Cost Per Mile” program since it was sued by Great Southern Truck Co., which claimed VTNA’s failure to honor the program’s financial commitments contributed to the Volvo dealer’s bankruptcy.

Ralph B. Ryder, a founding member of Ryder System, died of heart failure on Dec. 28 at a hospital in Coral Gables, Fla. He was 90.

With constituents shivering in the deep freeze that has gripped much of the nation, several Midwestern governors suspended hours-of-service regulations for fuel truck drivers.

FedEx and the U.S. Postal Service are close to a contract that could bring the Memphis-based company at least $5 billion in revenue over the next several years, making it the most lucrative postal contract ever, the Wall Street Journal reported Tuesday.

Swedish truckmaker AB Volvo does not plan to sell its 5% stake in Japanese automaker Mitsubishi and will proceed with taking a 19.9% share in the company, the Wall Street Journal reported Tuesday on its Web site.

Running a trucking operation in the western U.S. requires different strategies than in the more densely populated East. Several western states are freight magnets: lots of shipments go in but not nearly as many come out, making the backhaul as sought after as water in the desert.

In the news this morning: Crude oil prices rise as OPEC cuts loom; Florida East Coast Industries names new CFO; Dorsey Trailers gets financing extended; and more.

Today's technology headlines: America Online, Psion in handheld email, instant message pact; ShipDesk.com goes under; 3Com exec ponders the future of wireless technology; and more.

Emery Worldwide Airlines has lost a round in court in its effort to block an possible airfreight deal between the U.S. Postal Service and FedEx when a federal court refused to issue an injunction against such an agreement.