Business

Less-than-truckload carrier YRC Regional Transportation said late Monday that its USF Bestway and USF Reddaway units will consolidate into one organization under the USF Reddaway brand.

The average retail price of diesel fuel dropped 4.3 cents to $2.537 a gallon, the Department of Energy reported Monday.

Wachovia Capital Markets upgraded the U.S. trucking sector to “market weight” from “underweight,” citing opportunities for investors to be more constructive ahead of the next upturn, Reuters reported.

Several people who obtained commercial driver’s licenses from a southern Missouri trucking school gave false home addresses, and state officials acknowledge they currently have no way to stop the practice, the Associated Press reported.

UPS Inc. late Monday said it promoted David Abney to chief operating officer and Alan Gershenhorn to replace Abney as president of UPS International.

Freightliner LLC said it that its Detroit Diesel Corp. unit has begun production of 2007-year heavy-duty Series 60 engine that meets required Environmental Protection Agency standards.

Delaware may consider leasing its toll roads to pay for road projects, in a move similar to other states, the Delaware News Journal newspaper reported Sunday.

U.S. freight railroads completed a record-breaking year in 2006, moving record numbers of carloads and intermodal containers, the Association of American Railroads said.

When Foodliner Inc., a liquid and dry-bulk carrier based in Dubuque, Iowa, put in a mobile communications system to track the location of its trucks and monitor the performance of its drivers, corporate controller Tom Stueck said he expected some resistance.

Average U.S. retail gasoline prices rose 3 cents over the past three weeks to $2.32 a gallon, according to the latest Lundberg survey of gasoline prices released Sunday.