Business

YRC Worldwide Inc. said it is making financial progress on two fronts by reporting sequential earnings improvement and launching a debt-for-equity swap that could lower costs.

The sudden run-up of U.S. retail diesel fuel prices moderated last week, as the average price rose just 0.7 cent to $2.808 a gallon, the Department of Energy reported. Fleet executives, however, said the respite isn’t easing their cost pressures.

Freight broker BirdDog Logistics Services said that it has acquired Churchill Transport Group, a third-party logistics firm.

GRAPEVINE, Texas — Lubricant maker Valvoline and technology firm tiwi have unveiled a program for over-the-road fleets that they guarantee will boost fuel efficiency by at least 4%.

J.B. Hunt Transport Services said that it has reached a multi-year deal with Norfolk Southern Corp. in which the railroad will provide intermodal service for the carrier in the eastern U.S.

The U.S. unemployment rate rose to 10.2% in October, a 26-year high, from 9.8% in September, the Labor Department said Friday.

The Federal Motor Carrier Safety Administration, in response to a legal challenge to the current hours-of-service regulations, will completely rewrite the 2008 HOS regulations, issue a proposed rulemaking within nine months and a new final rule in less than two years.

U.S. intermodal rail traffic fell 11.1% in the week ended Saturday compared with the same week last year, the Association of American Railroads said.

Qualcomm Inc.’s profit fell 9% in its fiscal fourth quarter, the Associated Press reported.