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TTNews.com will be closed Monday in observance of the New Year's Day holiday. Please check back on Tuesday, Jan. 2, for the latest trucking and freight transportation news.

United Parcel Service, the world's largest package carrier, announced rate hikes Thursday on ground and air shipments to take effect Feb. 5.

Companies that operate delivery fleets in metropolitan areas are discovering that they just happen own one of the hottest commodities in the advertising industry — the sides of their trucks.

A truckside-mobile billboard council has formed in response to the rapidly growing popularity of truckside and mobile-billboard advertising.

In the news this morning: Iraqi oil exports bring prices down; pressure rises on Bridgestone to settle tire lawsuits; Union Pacific announces job cuts and issues earnings warning; and more.

David S. Addington, senior vice president and general counsel of American Trucking Associations, has been appointed to the position of counsel to the vice president of the United States by President-elect Bush.

This afternoon's headlines: Census figures to alter distribution of U.S. House seats; Clinton raises budget surplus projections; dealer files $30M lawsuit against Volvo Trucks; and more to come.

Today's technology headlines: Dashboard device to unite cell phone, Palm PDA; Aether gains new customer; leveraging XML to boost supply-chain efficiency; and more.

The Department of Justice last week approved Volvo AB’s bid to become the world’s second-largest truck maker by acquiring French truck maker Renault Vehicles Industriels — which includes Mack Trucks — if Volvo agrees to sell off part of its existing business.

The Environmental Protection Agency last week formally proposed its plan to improve air quality by fortifying standards for diesel fuel and the heavy-duty truck and bus engines that burn the fuel.