Business

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

First-time U.S. jobless claims jumped 10,000 last week to 329,000, the Labor Department said Thursday.

Federal Reserve officials said inflation was a top concern at their Dec. 12 meeting, according to minutes of the Fed’s Dec. 12 meeting released Wednesday.

The Institute for Supply Management said Wednesday its manufacturing index for December rose to 51.4 from a 49.5 reading, which had been the first contraction in more than three years.

Transportation and logistics firm EGL Inc.’s Chief Executive Officer James Crane and an investment firm offered to take the company private in a $1.2 billion buyout, the company said.

New Canadian hours-of-service rules for commercial drivers took effect Monday, but officials said it was not clear when most provinces would adopt and enforce them.

It looks like the only way the big companies can save face with shippers and receivers is to force smaller companies like us to downgrade our services to match their dysfunctional programs.

FMCSA to Offer Driver-Training Grants • Groups Sue Army to Stop Trucking Nerve Gas • Cakeboxx Says Doorless Container Prevents Unauthorized Access

U.S. construction spending fell for a third straight month in November, declining 0.2%, the Commerce Department said Wednesday.

Less-than-truckload carrier ABF Freight System said late Tuesday it has expanded its regional transportation network to include central and southern states.