Business

Knight Transportation’s third-quarter profit was about even with a year ago, at $16.6 million, or 21 cents a share, compared with $16.7 million, or 20 cents, for the same quarter of 2010.

Canadian transportation firm Mullen Group reported its third-quarter profit declined to C$11 million, or 14 cents per share, from C$28 million, or 36 cents, a year before.

Initial jobless claims fell by 2,000 last week and continuing clams fell to the lowest level in more than three years, the Labor Department said Thursday.

Norfolk Southern Corp.’s third-quarter profit rose 24 percent from the same quarter last year, the Eastern freight railroad reported.

Transplace Inc. has merged with intermodal marketing company Celtic International Inc. to create a $1 billion North American logistics provider.

Saia Inc. said Wednesday its third-quarter net income nearly doubled from a year ago on higher revenue and improved pricing.

New home sales increased in September after falling to a six-month low in August, the Commerce Department said Wednesday.

Transportation and third-party logistics firm C.H. Robinson Worldwide said its third-quarter profit rose to $114 million, or 70 cents a share, from $103 million, or 62 cents, a year earlier.

American Trucking Associations cited concern with Transportation Secretary Ray LaHood’s recent letter to Congress that DOT is drafting a new hours-of-service proposal based on the “most comprehensive and up-to-date data and analysis.”