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The Institute for Supply Management’s January manufacturing index showed a contraction, as factories reined in orders to trim inventories, ISM said Thursday.

Less-than-truckload carrier Saia Inc. said Thursday it has acquired Wisconsin-based LTL company Madison Freight Systems for about $2.5 million.

TSA Awards TWIC Contract to Lockheed Martin • Canada Passes Border Security Bill • Railroads to Get More Safety Scrutiny • EU Customs Chief Criticizes Cargo-Screening Measure

Hino Motors Ltd., Japan’s largest maker of heavy-duty trucks, saw its fiscal third-quarter profit drop 45% as the company spent more to develop new models and expand production, Bloomberg reported.

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WASHINGTON — Shippers would like to see a switch to larger trucks, and U.S. safety inspectors monitoring size-and-weight rules could have more technology at their disposal in the coming years, according to a Transportation Research Board panel discussion here.

The Surface Transportation Board ruled that freight railroads not calculate their fuel surcharges as a percentage of their base rates.

Transportation firm Con-way Inc. earned $82.4 million or $1.66 a share in the fourth quarter, up from $49.9 million or 90 cents a year earlier.

Automobile carrier Performance Transportation Services said late Monday it emerged from its voluntary Chapter 11 bankruptcy proceeding.

Transportation and logistics firm C.H. Robinson Worldwide's 2006 net income rose to $266.9 million or $1.53 a share, up from $203.4 million or $1.16 in 2005.

Tank truck carrier Quality Distribution lowered its earnings guidance for the fourth quarter and full-year 2006, due to lower seasonal demand.