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The U.S. Transportation Department’s transportation services index fell 2.5% in August, its largest monthly decline in five years, DOT said last Thursday.

Crude oil futures on the New York Mercantile Exchange closed below $58 a barrel on Wednesday, reaching a new low for the year as traders shrugged off reports of a production cut by the Organization of Petroleum Exporting Countries, Bloomberg reported.

Federal Reserve commissioners expressed continuing uncertainty regarding future interest rate hikes after deciding during the Federal Open Market Committee’s Aug. 8 meeting to hold rates at 5.25%, according to minutes of the meeting that were released Wednesday.

Celadon Group on Monday purchased Nashville, Tenn., truckload carrier Digby Truck Lines for $21 million.

Transportation management and procurement services company Ameriquest Transportation and Logistics Resources Corp. and NationaLease Purchasing Corp., the purchasing division of truck leasing network NationaLease, on Monday signed an agreement to combine their organizations.

Truckload carrier Swift Transportation Co. on Monday said it now expects to earn between 50 and 52 cents a share in the third quarter, prior to a one-time charge of $9.2 million.

U.S. wholesale inventories rose 1.1% in August, the Commerce Department said Tuesday.

GeoLogic Introduces New In-Cab Display • PeopleNet Issued Patent for Over-The-Air-Programming Technology • Dematic Releases New Version of Order Fulfillment Software • VXI Corp. Introduces Bluetooth Headseat for Truckers • And more...

aimlerChrysler’s Truck Group said it expects to begin providing some customers with test models of its 2007 Freightliner trucks equipped with Caterpillar engines by the end of this month.

Fuel retailers said they would be ready to sell ultra-low-sulfur diesel when the Environmental Protection Agency’s final implementation phase of the new fuel takes effect Oct. 15.