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In the news this morning: Con-Way Southern building new center In Texas; expenses outpace revenue for truck dealer RDO Equipment Co.; Intrenet narrows its losses; and more.

This afternoon's headlines: Diesel rises 2.4 cents, while Caribbean refinery lies in path of hurricane; Aim Caribbean opens new Chicago-area terminal; DRIVERNet taps drivers association's insurance product; and more.

Today's technology headlines: Dutch express carrier TNT sees Web as entry to U.S. market; Sharp, Mitsubishi Electric to develop handheld computer; and mobile Web holds early promise, but stumbling blocks remain.

Chattanooga, Tenn.-based Covenant Transport Inc. said Tuesday it has purchased assets of Con-Way Truckload Services Inc., including its customer list, driver files, approximately 125 tractors and 200 trailers.

The Department of Transportation’s proposed hours-of-service regulations would cost trucking nearly six times more than DOT estimates, according to a new industry study.

A Washington, D.C., transportation attorney who has worked for several trucking trade groups is the new president of the Truckload Carriers Association.

Like Icarus, who built wax wings to fly to the sun, the ascent of dotcom transportation providers likely will be matched by the suddenness of their impending meltdowns.

In the news this morning: Fed officials meet, but interest rates likely to remain unchanged; V & S Transportation hooks up with freighPro.com; GE to invest in FreightWise; and more.

This afternoon's headlines: Trade-in value plummets amid oversaturated used-truck market; fire at Central Transport terminal in Michigan Destroys 60 trailers; TradeOut, Penske team up for on-line truck auction; and more.

Today's technology headlines: Web-based supply chain service offered for North American rail shippers; most workers end strike at Verizon; and Symbian will license wireless software to Sanyo.