Business

The trade deficit in the U.S. narrowed in July to the lowest level in six months as exports climbed to a record.

Applications for unemployment benefits in the U.S. were little changed last week as an improving economy prompted businesses to retain staff.

The secretaries of transportation and the treasury are scheduled to address business leaders and financiers Sept. 9 in Washington to encourage them to invest in state and local infrastructure projects.

The economy continued to expand from early July to late August but with little indication the pace of growth has changed, the Federal Reserve said.

Longistics, a full-service provider of global logistics solutions, has promoted Malcolm Rawls to director of trucking operations.

Covenant Transport Inc. said it is increasing driver pay by about 6% to attract hazmat-certified team drivers for its over-the-road program.

Kenworth Truck Co. said it is including Allison Transmission’s FuelSense package for new Class 8 and medium-duty trucks equipped with the highway or rugged-duty series automatic transmissions from Allison.

Data Driven Shipping, based in San Diego, has launched a website that allows users to download trucking industry data to the program of their choice on their computer or mobile device.

Diesel’s average U.S. pump price fell 0.7 cent to a two-year low $3.814 a gallon, the Department of Energy reported.