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The leading maker of heavy trucks for the commercial markets is cutting production and jobs at its Portland plants, while its DaimlerChrysler parent cuts at the Chrysler operations.

DaimlerChrysler unveiled a major cutback that will bite deeply into freight-hauling operations that service its assembly operations.

PORTLAND, Ore. — Freightliner President James L. Hebe warned that trucking faces a major upheaval if the glut of unsold, late-model used vehicles is not addressed — and quickly.

Kenan Transport Co. and Advantage Management Group announced Friday that they have entered into an agreement under which Advantage will acquire Kenan, a tank trucker specializing in hauling petroleum products, in a deal worth $84 million.

In the news: Cummins 4Q loss exceeds expectations; Yellow reports gains for 4Q; Consolidated reports narrower 4Q loss from '99; and more...

Adding Pictures is Next Challenge for Cell Phones; Complexity Deepens Among Rail Dot-coms; Ericsson to Outsource Cell Phone Production; FedEx Deploys Simple Text Messaging in Europe; Possible Bandwidth Shortage Lurks as Applications Sprea.

Logistics software provider ShipChem nets leading chemical exchanges; SynQuest partners with G-Log; Senators review high-speed Internet tax credit bill; and NextNet testing wireless broadband for the desktop.

The Department of Transportation has set meetings on Feb. 21 and 22 on changes in drug and alcohol testing rules that affect truck drivers.

Former Teamsters President Ron Carey was indicted Thursday, charged with lying during investigations into fund-raising activities for his 1996 union re-election bid, news agencies reported.

In the news: Xtra reports lower 1Q; USFreightways’ 4Q earnings slide; Covenant reports weaker 4Q, cautions about 2001; and more.