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Navistar International Corp. reported a second-quarter loss and said company executive Troy Clarke will head its truck and engine operations, in a newly created position.

Shell Oil Co. said Thursday it has signed a memorandum of understanding with TravelCenters of America LLC to provide liquefied natural gas for heavy-duty trucks at TA travel plazas.

The Teamsters union and UPS Inc. agreed this week to begin negotiations in late September on national UPS Inc. and UPS Freight contracts covering about 250,000 union members nationwide.

UTi Worldwide’s fiscal first-quarter net income rose to $12.9 million, or 12 cents a share, from $8.7 million, or 8 cents, a year earlier.

Stephen Day was named CEO of American Fast Freight Inc., the logistics firm said.

Dennis Schneider was named president of Transervice Logistics Inc., succeeding Edward Flannigan.

Initial jobless claims fell last week, the Labor Department said Thursday.

The U.S. economy grew at a moderate pace in April and May as manufacturing improved, and trucking and transportation activity were generally higher, the Federal Reserve said Wednesday.

Oil rose for a third day, topping $85 a barrel as supplies slipped and economic reports that signaled higher demand, Bloomberg reported.