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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.

WASHINGTON — Bendix Commercial Vehicle Systems LLC demonstrated here the automatic braking system for heavy-duty trucks it will offer starting in the fourth quarter.

The first hurricane of the Atlantic hurricane season formed Monday, but forecasts put it on a track that would not affect Gulf of Mexico oil platforms, the Associated Press reported.

Finnish mobile phone maker Nokia received European antitrust approval to complete its $8.1 billion purchase of Navteq Corp., a Chicago-based provider of digital maps for in-vehicle navigation systems.

IdleAire Technologies Corp., which designs anti-idling systems for long-haul trucks at truck stops, can proceed with a proposed sale without an investigation, a judge ruled, Bloomberg reported Monday.

Roadrunner Transportation Services, formerly known as Roadrunner Dawes Freight Systems, said Monday it has rebranded to reflect new offerings its third-party transportation logistics, supply-chain management, and truckload and less-than-truckload services.