Business

U.S. payrolls rose jumped by 167,000 in December and the unemployment rate held at 4.5%, the Labor Department said Friday.

November air cargo shipments jumped 2.9% compared with the same month a year ago, the Air Transport Association said Thursday.

Engine manufacturers and trucking officials said they recognize the need for onboard diagnostic systems to monitor the performance of emission-treatment systems because diesel engines are growing in complexity.

Transportation firm Con-way Inc. late Wednesday lowered its fourth-quarter 2006 earnings guidance due to a projected tonnage decline.

Canadian transportation firm TransForce Income Fund said Thursday it completed its acquisition of Westfreight Systems and Westfreight Holdings (U.S.A.). Terms were not disclosed.

Goodyear Tire & Rubber Co. said Thursday it will end tire production at its facility in Valleyfield, Quebec, Canada, and convert the facility to a mixing plant.

The Department of Homeland Security Wednesday issued its final rule under its Transportation Worker Identification Credential program for port security.

The economy’s service sector growth rate fell in December following two increases, the Institute for Supply Management reported Thursday.

Factory orders rose 0.9% in November, the Commerce Department reported Thursday.

Navistar International Corp. said Thursday it has received a commitment for a five-year $1.3 billion loan.