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The U.S. trade deficit narrowed by 1.6% in October, shrinking to its lowest level of the year, the Commerce Department said Friday.

C.H. Robinson Worldwide announced late Thursday that its board has declared an increase to its regular quarterly cash dividend.

U.S. highway deaths fell to the lowest level in 2010 since 1949, but truck-related fatalities rose for the first time since 2005, the Department of Transportation said Thursday.

DEARBORN, Mich. — Ford Motor Co. officials said the company will offer gasoline-powered versions of their Super Duty F-650 trucks in a bid to undercut the cost of competing diesel models offered by Ford and its competitors.

Echo Global Logistics has announced its acquisition of Trailer Transport Systems, an intermodal marketing company, to enhance Echo’s truck/rail service offerings.

Wholesale inventories climbed 1.6% in October, the largest increase in five months, the Commerce Department said Thursday.

Initial jobless claims fell by 23,000 last week to 381,000, the fewest since February, the Labor Department said Thursday.

Alisam Freight Management, a San Antonio logistics company, said it has acquired motor carrier Plains Transportation Inc., Amarillo, Texas, for an undisclosed sum.

Georgia flatbed hauler Bennett Motor Express has acquired logistics and brokerage company Best Ways Brokerage for an undisclosed sum.