On the ABS and red brake lights coming on. First; do you have Rear Antilock or Four Wheel Antilock? There are numerous conditions that will disable either system and turn on the warning lights.
Some basics:
RWAL- rear antilock- has one speed sensor in the rear diff on top. It has enough hardware to modulate pressure in both rear brakes at the same time.
4 Wheel ABS- has three speed sensors, one in the diff (same as RWAL) and one in each front wheel. It has more hardware to control the rear wheels together and each front wheel can be modulated indivually. If you have 4 wheel ABS you will have a Hydraulic Control Unit and Controller on the left front wheelhouse.
Remember if your truck is 98 or newer, it uses the ABS rear (even with 4 wheel, I think) wheel speed sensor to calculate the actual speedometer reading. It works like this: the speed sensor tells the ABS controller the axle/wheel is turning with a AC sine wave. The ABS controller calculates pulses per mile with the tire size that is programmed into it using the DRB, then sends the signal to the PCM (engine controller) via a dedicated wire. The PCM sends the signal over the BUS (info network that connects to various controllers) to the instrument cluster. Which then interprets the signal and makes the speedo read. So 98 and newer means: No Speed Sensor signal = No Speedo or cruise.
Things to check:
Check all fuses for power. In the older Rams blown taillight, back up light or back-uplight fuses can cause ABS or Air Bag lights to come on from lack of various power feeds to the module.
The rear speed sensor and jumper harness is prone to corroding inside the connectors. Unplug and look for green crap growing on the pins. I've had em where there are no pins left. Also inspect the harness for any road debris damage. Mine melted on the exhaust on my '94 gasser. Sensor resistance spec is 1600 - 2300 ohms.
Lots of stuff causes the ABS to come on. An hour of shop time is cheaper then a wrong part. Please don't just throw parts because that's what fixed someone else's truck, maybe it will-maybe it won't. Yes, there are pattern failure that are common, but I fix lots of problems with wiring and ground repairs.
Sorry to ramble on, HTH.
Wayne