Business

Trucking profits showed signs of improvement last week, as reports of growing earnings came from the truckload and less-than-truckload sectors, as well as brokerage and leasing.

American Trucking Associations reiterated its objections to parts of the hours-of-service rule last week, rejecting claims federal regulators used to justify the restart provision and off-duty requirements.

President Obama signed a bill on Oct. 19 that makes it easier for military veterans to obtain commercial driver licenses.

U.S. retail diesel prices declined 3.4 cents to $4.116 a gallon last week, dipping after reaching the highest levels in more than four years a week earlier, the Department of Energy reported.

The American Transportation Research Institute is surveying drivers and carriers on the use of navigation systems.

Oshkosh Corp. on Friday reported an operating profit for its most recent fiscal quarter and said its board rejected a takeover bid by investor Carl Icahn.

Consumer confidence rose to a five-year high in October, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.

Hurricane Sandy, a large storm tracking toward landfall on the East Coast early next week, could become the worst storm to hit the Northeast in 100 years, Bloomberg reported.

Universal Truckload Services said its third-quarter net income rose slightly from a year ago.