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The failure of Congress to pass legislation to provide funding to improve and expand the nation’s highway system has left many roads covered with cracks, potholes and uneven pavement, which are creating additional challenges for some vehicle suspension makers, according to company officials.

FedEx Freight levied a 6.9% rate increase, prompting other less-than-truckload carriers to signal similar moves as they try to capitalize on a strong rate environment.

Retail diesel prices dropped for the ninth week in a row, and analysts said they could fall even more as the national average declined 6.5 cents to $3.781 a gallon last week, the Energy Department reported.

Michigan and Canada have agreed to build a second bridge linking Detroit and Windsor, Ontario, Bloomberg reported Friday.

Industrial production dipped 0.1% in May in the second decline in three months, the Federal Reserve said Friday.

Consumer confidence dropped in June to the lowest level this year, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.

Manufacturing activity in the New York region expanded in June at the slowest rate in seven months, the Federal Reserve Bank of New York said Friday.

Arkansas Best Corp. on Thursday announced it will purchase Panther Expedited Services from a private equity firm for about $180 million.

FedEx Corp. said Thursday that its FedEx Express business unit has completed its acquisition of the Polish courier Opek Sp.z o.o. Terms were not released.