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Representatives of bankrupt Preston Trucking Co. agreed to pay $38.3 million to settle wage and benefit claims by some 4,750 former Teamsters-represented employees.

In the news this morning: Presidential recount brings Florida tally to 327-vote gap; US&T posts first-quarter loss; Xata cuts number of shares to Deere; and more.

Today's technology headlines: Information an oasis for Viking Freight; low demand for mobile phone links to Internet; JDS Uniphase sees no slowdown in optical network spending; and more.

This afternoon's headlines: Professional Transportation Group in midst of management shakeup; Trailer maker Dorsey cutting management positions; Cummins, Volvo form strategic alliance; and more.

In a sense, the buzz on the exhibit floor at the American Trucking Associations’ annual conference was transmitted wirelessly as firms touted the benefits of palm-size minicomputers and other gadgets to communicate with drivers.

A “smart” road and a “smart” bridge at the Virginia Tech Transportation Institute are helping researchers develop ways to improve road and vehicle safety for trucks, automobiles and buses.

Concern about distracting drivers with too much information drew interest but no policy decisions from the Technology and Engineering Policy Committee of American Trucking Associations.

Financing, once plentiful, is becoming more difficult to obtain for buyers and sellers of used trucks as a glut drives market values down.

The definition of insanity, says Thomas L. Finkbiner, is when people do the same thing over and over and expect a different result. And that's where he sees the truckload sector going with an operating model that may not work anymore.

In the news this morning: Presidency could take long time to decide; core inflation gauge falls despite overall price jump; Nissan to build light truck, SUV factory in Mississippi; and more.