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Trism Inc., a Kennesaw, Ga.-based specialized trucking group, is set to emerge from Chapter 11 bankruptcy after a judge approved the company’s reorganization plan.

This afternoon's headlines: FDX is revamping sales operations in wake of lackluster profit, UPS gains; Volvo Trucks eyes bigger piece of U.S. market; and Cummins to take fourth-quarter charge.

The national average price of diesel fuel provided a little holiday cheer by dropping for the second consecutive week, but one analyst says the oil market is in a purge-and-binge mindset.

Robert T. “Tom” King, executive vice president of the Ohio Trucking Association, died in his sleep Dec. 13 at his home in Worthington, Ohio. He was 52.

There was no public auction today for the real estate of bankrupt Preston Trucking in Baltimore, since a $68.4 million bid for all parcels by RLR Investments LLC beat out all other offers.

In the news this morning: DaimlerChrysler reportedly begins talks to buy Nissan Diesel; La. dock board launches major renovation project; and Vt. panel approves lifting of some truck limits.

The Texas Natural Resource Conservation Commission proposed an air quality plan that would require the use of lower-emission California diesel in the Dallas-Fort Worth area.

The Trucker, a biweekly, national newspaper covering the truckload freight sector, was sold to Landmark Communications of Norfolk, Va, for an undisclosed sum.

This afternoon's headlines: UPS names Pulito to post overseeing international deals; Canadian report reveals long hours, low pay for truckers; and Fuel takes a bite out of FedEx's profits.

Soon after launching a $1.14 billion bid to acquire U.S.-based freight forwarder Air Express, Deutsche Post AG said its Danzas unit will buy Royal Philips Electronics' Austrian logistics unit, Vindo Logistik.