Business

Initial jobless claims fell by 4,000 last week to the lowest level in more than a month, the Labor Department reported Thursday.

It seemed like such a simple and logical plan: As the nations of North America removed obstacles to the free flow of goods between them, the barriers impeding the trucks that move those goods also would be torn down.

For a sixth straight time, the Federal Reserve on Wednesday voted to keep the benchmark U.S. interest rate at 5.25%.

FedEx Corp. Wednesday said its fiscal third-quarter profit dipped 2% to $420 million or $1.35 per share, from $428 million or $1.38 a year earlier.

Just a day after it said it would be sold for $38 a share to a group headed by its chief executive officer, transportation firm EGL Inc. said it had received a competing offer for $40 a share from another investment group.

Transportation logistics firm Hub Group Inc. said late Tuesday that Chief Financial Officer Tom White resigned has been replaced by Terri Pizzuto, the company's vice president of finance.

Kentucky Eyes Higher Speed Limits • Penske Has Trained 15,000 Drivers Under Highway Watch Program • Colorado to Spend $1.2 Mln. for Truck ‘Chain-Up’ Spaces

WASHINGTON — Trucking and law enforcement groups said a recent report claiming the Federal Motor Carrier Safety Administration has failed to ensure trucking safety was unproductive and poorly researched.

NEW ORLEANS — Sophisticated recording devices built into modern trucks and diesel engines can generate information that plaintiff’s attorneys can use to force fleets and their insurance companies to pay massive settlement claims.

NEW ORLEANS — Sophisticated recording devices built into modern trucks and diesel engines can generate information that plaintiff’s attorneys can use to force fleets and their insurance companies to pay massive settlement claims.