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Iteris Inc., which makes lane-departure warning systems for the trucking industry, said Tuesday it acquired assets from Hamilton Signal including its Abacus system. Terms were not disclosed.

Con-way Inc. Tuesday announced a new consolidation and distribution service for shippers and consignees.

Oil fell for a third day Tuesday to near $50 a barrel as traders speculated inventories might have risen last week, Bloomberg reported.

Less-than-truckload carrier Old Dominion Freight Line said it will install PeopleNet’s onboard communications systems across its entire fleet of 5,100 trucks.

Less-than-truckload carrier YRC Worldwide said its first-quarter freight volume fell 29% in the first quarter from a year ago because of the weak economy and its cost-cutting initiatives, Bloomberg reported Tuesday.

The National Trailer Dealers Association has canceled its 2009 convention, citing a need among its members to save money.

An ad hoc coalition including the National Pork Producers Council and 140 other business, manufacturing and agricultural organizations, sent a letter Tuesday to President Obama urging him to quickly resolve a dispute with Mexico over allowing its trucks to transport goods into the United States.

An Illinois trucking company that carries mail in 14 states has closed its doors, a Wisconsin television station reported.

Private equity firm Atlantic Street Capital said Monday it has acquired EZE Trucking, which provides specialty logistics services for the infrastructure market. Terms were not disclosed.