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Original equipment manufacturer Volvo AB reported a fourth quarter of improving revenue and net income to cap off a 2016 characterized by modest declines due to soft business conditions.

Revenue and net income declined at global truck manufacturer Paccar Inc. for the fourth quarter and the year, but the Bellevue, Washington-based corporation did remain profitable in both periods.

UPS Inc. lost $239 million, or 27 cents a share, in the fourth quarter due to a one-time “mark to market” charge on pension assets, decreasing net income by $1.67 billion from what was an otherwise profitable period. For the same issue at the end of 2015, the charge decreased profitability by $79 million.

The Federal Highway Administration issued guidance to state and local governments for the adoption of vehicle-to-infrastructure programs, or V2I.

Labor and management negotiators have produced a third contract to submit for ratification to Teamsters working in the car-haul sector of trucking, the union announced Jan. 23.

Eight states and five environmental groups filed motions with a federal appellate court on Jan. 23, asking to intervene in a lawsuit brought by the Truck Trailer Manufacturers Association against two federal agencies over the Phase 2 greenhouse gas rule on truck emissions.

Net income at dry van and refrigerated carrier Covenant Transportation Group fell by more than 50%, year-over-year, for both the fourth quarter and the full year, the Chattanooga, Tennessee, truckload fleet reported Jan. 25.

Two trade associations filed petitions for review of the Phase 2 final federal rule on greenhouse-gas regulations for trucks, and the U.S. Court of Appeals for the D.C. Circuit has combined them into a single case to be heard by a panel of three judges to be chosen later.

Intermodal and truckload carrier J.B. Hunt Transport Services posted gains in net income and revenue for the fourth quarter of 2016 and for the year, the Lowell, Arkansas-based company said Jan. 19.

WASHINGTON — While freight transportation has undergone enormous change over the past quarter-century, even more is coming and very quickly, driven by demanding customers and an array of technology to satisfy shippers.