Business

The economy’s service sector growth improved last month, the Institute for Supply Management said Monday.

Trailer-tracking technology maker SkyBitz Inc. and has teamed with Stemco LP to offer mileage readings in conjunction with real-time trailer tracking for commercial fleets and trailer leasing companies, the two said Monday.

UPS Inc. said Monday it has ordered 27 new Boeing jets to support its growing package business while providing broad options for the management of its air fleet.

The Environmental Protection Agency said it has increased enforcement of its fuel-pump labeling rule after finding that the majority of retail diesel pumps it tested did not display ultra-low-sulfur-diesel labels, even though they were dispensing ULSD.

While other carriers were debating whether to buy even one Class 8 truck with a 2007 EPA-certified engine, Mike Hasinec at Penske Truck Leasing Co. was knee-deep in testing 2007 engine performance.

President Bush will include provisions to help ease traffic congestion in his budget blueprint Monday, the Wall Street Journal reported.

Air cargo shipments fell in December, led by a decline in domestic shipments, but they climbed for the year, the Air Transport Association said Friday.

Volvo AB said its fourth-quarter profit jumped 24% due to an increase in sales in Eastern Europe, Bloomberg reported Friday.

Components maker ArvinMeritor Inc. said Friday it plans to sell its emissions technologies business to a private equity firm for $310 million.

Ryder System’s fourth-quarter profit rose 12% to $65.8 million or $1.08 cents a share, from $58.8 million or 92 cents a year earlier.