Business

Jim Palmer Trucking has been sold to a pair of Chicago businessmen who own another small trucking company, the Associated Press reported.

Kenan Advantage Group will acquire the assets of Reinhard Transportation, a Federal Way, Wash., fuel hauler that runs 64 trucks.

Consumer personal spending and personal incomes both rose in October, the Commerce Department said Wednesday.

Initial jobless claims fell to their lowest level since September 2008 last week, the Labor Department said Wednesday.

Durable goods orders fell in October, the Commerce Department said Wednesday.

Apollo Management, the buyout firm that created Pacer International, Quality Distribution and CEVA Logistics, may soon go public, according to a report in the Financial Times newspaper, Bloomberg reported.

Transport Topics Online will be closed Thursday and Friday for the Thanksgiving holiday.

WASHINGTON — Several lawmakers, Department of Transportation officials and experts have expressed concern with elements of a vehicle miles traveled tax, which some advocates tout as a replacement for the federal fuel tax, while also cautioning that a transition to VMT could be a slow process.

The U.S. economy expanded at a lower rate than previously reported in the third quarter, growing at a 2.8% annual rate versus the 3.5% reported last month, the Commerce Department said Tuesday.

The ire of fleet managers who say diesel particulate filters are clogging with soot too quickly should be eased with the arrival of 2010 engines, according to some engine manufacturers.