Transit Group, Atlanta, agreed to buy Fox Midwest Transit and its affiliate, Shippers Distribution Services, both based in Green Bay, Wis., for $5 million in cash and 515,000 shares of Transit Group stock.

Covenant Transport, Chattanooga, Tenn., said it expects to report second quarter profits above analysts' estimates. It is the third trucking company in the past week to project better than expected earnings.

In an unusual financing transaction, Asche Transportation Services, Shannon, Ill., said its waste hauling unit, Specialty Transportation Services, will pay off $8 million in subordinated debt with an advance payment from one of its customers.

Trucking industry veteran Paul James has purchased Hiner Transport of Huntington, Ind., from company founders Homer and Marge Hiner for an undisclosed amount.

Yellow Corp. found a Midwest and Northeast anchor for its emerging nonunion regional trucking network. It is Jevic Transportation, a publicly owned regional and inter-regional less-than-truckload and truckload carrier based in Delanco, N.J.

Figures on logistics costs, widely followed by transportation and logistics professionals and trucking analysts on Wall Street, turn out to be wrong because of a missing factor in the formula, acknowledges the author of those numbers.

Trucking industry veteran Paul James has purchased Hiner Transport of Huntington, Ind., from company founders Homer and Marge Hiner for an undisclosed amount.

Ryder System named Gregory T. Swienton, a former executive of Burlington Northern Santa Fe, to be president and chief operating officer of the Miami-based transportation management company.

Figures on logistics costs, widely followed by transportation professionals and trucking analysts on Wall Street, turn out to be wrong because of a missing factor in the formula, acknowledges the author of those numbers.

Central Freight Lines, Waco, Texas, has agreed to acquire the business and assets of Jaguar Fast Freight of Phoenix in a stock transaction. Jaguar operates as an intrastate less-than-truckload carrier in Arizona and is an agent for Central.