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IdleAire Inc., comprised of six investment management companies, said Monday it now owns essentially all of the bankrupt IdleAire Technologies Corp.’s assets with the official closing late Friday on their successful $17.5 million bid submitted earlier this year.

Oil prices rose early Tuesday on concerns that newly formed Hurricane Gustav may be on track to move into the Gulf of Mexico, the Associated Press reported.

Freightliner Trucks, part of Daimler Trucks North America, said it will offer Meritor WABCO’s new automatic forward-collision warning and braking system on its models Cascadia and Century Class S/T tractors.

New York City is developing a plan to track every vehicle that enters Manhattan to help guard against potential terrorist attacks, the New York Times reported Tuesday.

Volvo Trucks North America said Monday it is now offering Bendix heavy-duty air disc brakes on Volvo VN and VT model trucks.

Iteris Inc. and Delphi Corp. said Monday that Iteris has been named the exclusive distributor of Delphi’s forward collision warning system for the North American commercial vehicle market.

Declaring the current system irrevocably “broken,” Transportation Secretary Mary Peters unveiled the Bush administration’s final major surface transportation policy initiative — a reform of the highway program that includes unlimited tolling and an increased emphasis on private capital.

Wesley Kemp was appointed president and chief operating officer of less-than-truckload carrier ABF Freight System, the company said.

Ryder System Wednesday reported a second-quarter profit of $62.9 million, or $1.10 per share, compared with $65.1 million, or $1.07 per share, a year ago.