Sure, iTunes can join tracks, but only if they're consecutive CD tracks, and you haven't imported them. This script allows you to join any two (or more) MP3 tracks (repeat: MP3 tracks only), provided that they are the same format and bitrate.
Also see Join Together, an application that will join any type of files.
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Remove iTunes tracks disassociated from files
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Exports and then re-imports selected tracks' artwork
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List tracks common or exclusive to two playlists
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Finds and displays any empty folders in the iTunes Media folder
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Re-associate batch of dead tracks with files from selected folder
downloaded 50m 14s ago
Title Cap various track tags, featuring editable exceptions lists