Business

Michigan and Canada have agreed to build a second bridge linking Detroit and Windsor, Ontario, Bloomberg reported Friday.

Industrial production dipped 0.1% in May in the second decline in three months, the Federal Reserve said Friday.

Consumer confidence dropped in June to the lowest level this year, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.

Manufacturing activity in the New York region expanded in June at the slowest rate in seven months, the Federal Reserve Bank of New York said Friday.

Arkansas Best Corp. on Thursday announced it will purchase Panther Expedited Services from a private equity firm for about $180 million.

FedEx Corp. said Thursday that its FedEx Express business unit has completed its acquisition of the Polish courier Opek Sp.z o.o. Terms were not released.

The consumer price index fell 0.3% in May, the biggest decline since December 2008, the Labor Department said Thursday.

Logistics software provider Descartes Systems Group said it has signed an agreement to purchase Integrated Export Systems Ltd. for about $35 million in U.S. dollars.

Initial jobless claims rose last week, the Labor Department said Thursday.

Heavy-duty U.S. truck sales climbed 36% in May to 18,012 from the same month of last year, continuing a stretch of 29 consecutive gains.