Forward Air Corp. said subsidiary Central States Trucking Co. acquired the assets of Multi-Modal Trucking Inc. and Multi-Modal Services Inc. for $5.75 million.

Forward Air Corp. said subsidiary FAF Inc. is increasing pay for owner-operators effective Jan. 4.

Consumer confidence rose in October to a seven-year high as employment opportunities and declining gasoline prices boosted Americans’ spirits.

U.S. rail intermodal traffic increased 6.7% in the week ended Oct. 25 compared with the same week last year, the Association of American Railroads reported.

Confidence among U.S. consumers rose in October to a seven-year high as gasoline prices dropped and the job market improved.

After years of ending the holiday shopping season with too much merchandise stacked in their warehouses, U.S. retailers face the opposite this year: They may not have enough.

September trailer orders spiked 86.2% from a year earlier and soared to the highest level in nearly a decade, ACT Research reported.

Swift Transportation Co. said its third-quarter net income climbed to $50.2 million, or 35 cents per share, from $30 million, or 21 cents, a year earlier.

Forward Air Corp.’s third-quarter net income rose to $16.7 million, or 54 cents a share, from $14.2 million, or 46 cents, a year ago.