Preston Trucking Co. said it has ceased operations effective July 26. The less-than-truckload carrier will make no further pickups, but says will deliver all freight currently in the system.

Central Freight Lines agreed to purchase the assets of Vecta Transportation Systems, a California-based less-than-truckload carrier.

Rush Enterprises will extend its heavy-duty truck sales network in the West with the planned purchase of assets from Southwest Peterbilt and Norm Pressley’s Truck Center.

United Parcel Service, the world’s largest package delivery company, will offer stock to the public for the first time. The firm plans to sell 10% of its common stock by the end of the year.

C.R. England Inc. will boost its driver pay scale as much as 30% effective Aug. 1, a move the carrier said is part of an effort to retain drivers who are “committed to customers’ needs.”

Iowa Tanklines expanded its fuel hauling business and added a new service to its transportation portfolio with the purchase of assets from Wheeler Transport Service of Omaha, Neb.

Aerodynamic improvements have reduced splash and spray from trucks, but the American Trucking Associations says no current or future technology is likely to eliminate the problem.

Eddie Brown, president of Landair Corp., resigned July 19 after the Tennessee-based truckload carrier announced that it would incur a substantial loss in the second quarter.

Trism Inc., Kennesaw, Ga., reached an agreement in principle with its bondholders to restructure its long-term subordinated debt.

Simon Transportation Services, Salt Lake City, laid off 140 workers July 16 to reduce its nondriver workforce by about 25%.