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Descartes Systems Group to Acquire Cube Route

Logistics software and service provider Descartes Systems Group on Tuesday announced it signed an agreement to acquire Cube Route, a provider of pay-as-you-go logistics management services.

November 21, 2006

Arves Named CEO of Transport Corp. of America

Truckload carrier Transport Corp. of America on Monday named Scott Arves its new chief executive officer, effective Jan. 1.

November 21, 2006

UPS to Finance Heavy Air Freight Center With Airport Bond Offering

UPS Inc. will guarantee $42.6 million of Louisville Regional Airport Authority Special Facilities Revenue Bonds and use the proceeds to build a new terminal at the airport for handling heavy freight.

November 21, 2006

Volvo Truck Deliveries Through October Rise

Volvo Group's total truck deliveries increased 3% through October, the truck maker said Tuesday, led by a 9% gain at its Renault Trucks company.

November 21, 2006

New Jersey Proposes New Truck Routing Restrictions

One month after the Supreme Court denied to hear a case concerning a New Jersey regulation that sought to relegate truck traffic to major highways, the state is proposing new truck routing restrictions.

November 21, 2006

Crude Oil Futures Close Above $60 a Barrel on Tuesday

Crude oil futures, which reached a 17-month low on Friday, climbed past the $60-a-barrel mark at the close of trading on the New York Mercantile Exchange, Bloomberg reported Tuesday.

November 21, 2006

Saia Acquires LTL Hauler The Connection Company for $17.5 Million

Saia Inc., parent of less-than-truckload carrier Saia Motor Freight Line, on Monday announced it acquired The Connection Company, a less-than-truckload carrier based in Columbus, Ohio, for $17.5 million.

November 20, 2006

Kitty Hawk Signs Holiday Mail Season Contract With Postal Service

Expedited air and ground carrier Kitty Hawk on Monday said it signed a $29.33 million contract with the United States Postal Service to manage a daytime air and ground cargo network for holiday season mail.

November 20, 2006

Index of Leading Indicators Rises 0.2% in October

The Conference Board said Monday its index of leading economic indicators rose 0.2% in October after a revised gain of 0.4% a month earlier.

November 20, 2006

Technology Briefs — November 21 - November 27

IdleAire’s Losses Widen in 3Q • Tele Atlas to Use GlobeXplorer Technologies in Digital Map Applications • Geocomtms Adds Dynamic Sourcing Component to A.MAZE Petroleum Application • UQM Delivers Motor/Generator System for Hybrid Truck Development Program

November 20, 2006