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Private Equity firm Fenway Partners, New York, N.Y., said Monday it acquired Canadian transportation firm Consolidated Fastfrate.

U.S. diesel fuel prices rose another 12.2 cents last week to $3.425 a gallon, the second consecutive record high and the eighth increase in the past nine weeks, the Department of Energy said.

Heavy-duty retail truck sales in the United States fell 53.1% in October, the sixth straight month in which sales fell 50% or more below 2006 levels, according to WardsAuto.com.

ATLANTA — UPS Inc.’s incoming chief financial officer told shippers here what freight carriers have long heard: The U.S. transportation network is so clogged — and getting worse — that Congress must create an infrastructure improvement plan and pay for it with dedicated taxes on the system’s users.

STUTTGART, Germany – The world’s largest commercial vehicle maker last week said it is moving ahead with a host of projects to develop less-polluting trucks and buses, but warned that governments and oil companies must cooperate if these products are to become commercially viable.

The southbound truck tunnel on Interstate 5 reopened Thursday, a month after a multi-vehicle pile-up temporarily shut down the West Coast's main commercial route, the Associated Press reported.

Contract Freighters Inc., Joplin, Mo., said it will raise pay for all drivers by 1 cent per mile.

Industrial production fell 0.5% in October, the most since January, the Federal Reserve said Friday.