ºÚÁϳԹÏÍø

General Motors Corp. plans to buy Con-way Inc.’s stake in Vector SCM, a joint venture between the two that manages GM’s vehicle and parts shipments, Bloomberg reported.

Refrigerated carrier Frozen Food Express Industries said late Thursday it earned $1.9 million or 10 cents a share for the first quarter, compared with $3.3 million or 18 cents a year earlier.

Despite a steep drop in stock prices in the past month, trucking and transportation stocks continue to be hot commodities, turning what was once considered a highly volatile sector — with fortunes of motor carriers rising and falling with the state of the economy and fuel prices — into one of the strongest and most consistent performers over the past five years.

Truckload carrier Schneider National said late Wednesday that Scott Arves, its president of transportation, resigned after more than 27 years with the company.

Oil prices rose for the fifth straight day Wednesday and topped $73 a barrel Thursday following a Department of Energy report that showed declining gasoline inventories leading to the July 4 holiday week, news services reported.

Goodyear Tire & Rubber Co. said Thursday it has signed agreement to develop and operate truck service centers at Pilot Travel Centers.

Flooding from heavy rains this week washed out roads and rail lines throughout the Mid-Atlantic and Northeast, causing part of Interstate 88 in New York state to collapse and leading to accidents that killed two truckers Wednesday, the Associated Press reported.

The U.S. economy grew at a revised 5.6% annual rate in the first quarter that was greater than first reported, the Commerce Department said Thursday.

First-time unemployment claims rose by 4,000 to 313,000 last week, the Labor Department reported Thursday.

The driver turnover rate for large truckload carriers was 116% during the first quarter, a 20-point drop from the previous quarter and the largest quarterly decrease since American Trucking Associations started tracking the statistic in 1995.