Business

Americans will take to the roads in record numbers over the July 4 holiday as the improving job market and lower fuel prices spur more people to splurge on getaways, a forecast by AAA shows.

Household spending climbed in May by the most in almost six years, buoyed by gains in incomes as the U.S. job market strengthened.

Filings for U.S. unemployment benefits held below 300,000 for the 16th straight week, signaling a tighter labor market that will help propel growth in the second half of 2015.

Canadian carrier Armbro Transport Inc. has closed its doors after 56 years in operation.

U.S. rail intermodal traffic rose for the week ended June 13 as carloads declined for the 11th consecutive week, the Association of American Railroads reported.

WASHINGTON — A Senate panel on June 24 easily approved a six-year highway policy bill, advancing the measure to the full Senate. Lawmakers would need to act quickly on the bill as federal funding authority for transportation programs expires at the end of July.

MAN SE, the German truck maker owned by Volkswagen AG, plans to reduce the workforce of its European commercial-vehicle operations by about 5% to cut costs and revive profit.

Sysco Corp.’s planned $3.5 billion takeover of US Foods Inc. was blocked by a federal judge, who said a merger of the food distribution giants would probably reduce competition and raise prices for hotels and restaurants.

FTR’s Shippers Conditions Index rose in April after a sharp decline the prior month, according to the firm.