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Retail sales rose 0.5% in April, the Commerce Department reported Thursday.

The number of Americans filing first-time unemployment claims fell by 1,000 last week to 324,000 last week, the Labor Department said Thursday.

For one major parcel courier an important technique for moving packages is truck-rail intermodal, the placement of truck trailers or cargo containers on flatcars for the linehaul segment of transportation.

Third-party logistics firm Hub Group late Thursday said its board approved a 2-for-1 stock split, effective June 6.

Crude oil spiked to more than $73 a barrel Thursday on renewed concern over world demand, and tensions in Iran and Nigeria that are threatening supplies, Bloomberg reported.

Canadian firms Contrans Income Fund and Clarke Inc. both reported first-quarter profits this week.

Crude oil prices fell early Wednesday following an Energy Department report that showed oil, gasoline and distillate inventories all rose last week.

Less-than-truckload carrier Arkansas Best Corp. said in a regulatory filing Tuesday it has reached an agreement in principle to sell its Clipper intermodal subsidiary to a Canadian firm for $20 million.

Kitty Hawk Inc. said Wednesday it has reached agreement to buy less-than-truckload airport-to-airport carrier Air Container Transport for $5 million.

Chrysler said Wednesday that it planned to add a third shift at an automobile plant in Illinois and add up to 1,000 workers there.