Business

Iteris Inc., which makes lane-departure warning systems for the trucking industry, said Tuesday it acquired assets from Hamilton Signal including its Abacus system. Terms were not disclosed.

CEVA Logistics said Wednesday that it had signed an agreement to provide logistics services for fitness equipment manufacturer Technogym.

Oil fell for a third day Tuesday to near $50 a barrel as traders speculated inventories might have risen last week, Bloomberg reported.

Freight brokers and logistics providers saw profit margins decrease 5% in 2008 compared to the previous year due to volatile market conditions, a survey by transportation technology company TransCore shows.

Navman Wireless has added a reporting system to its Internet-based tracking software, Online-AVL, the company said.

Less-than-truckload carrier Old Dominion Freight Line said it will install PeopleNet’s onboard communications systems across its entire fleet of 5,100 trucks.

Frozen Food Express Industries said it has reduced its workforce since January due to lower freight volumes and that it lower anticipated first-quarter revenues and earnings.

Navistar International Corp. said Monday that its defense unit has finalized a $180 million deal with the United Kingdom to purchase 262 tactical wheeled vehicles and parts.

An Illinois trucking company that carries mail in 14 states has closed its doors, a Wisconsin television station reported.