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Logistics firm Expeditors International of Washington’s first-quarter profit rose to $61.3 million, or 29 cents a share, from $59.3 million, or 28 cents, a year ago.

U.S. workers’ productivity rose at an annual rate of 3.6% in the first quarter, the smallest in a year, Labor Department said Thursday.

Initial jobless claims dropped by 7,000 last week, the Labor Department said Thursday.

Several major commercial tire makers have set price increases due to higher materials and other costs.

Transportation software firm Xata Corp. said it lost $402,000, or 23 cents per share, in its fiscal second quarter, compared with a profit of $91,000, or 5 cents, a year ago.

Oil dropped $2.77 Wednesday to close the day at a seven-week low on concerns about Greece’s financial crisis and the U.S. crude inventory, Bloomberg said.

Transportation and third-party logistics firm Pacer International said it lost $500,000, or 1 cent per share, compared with a $177.4 million loss, or $5.1, a year earlier.

Tank and bulk carrier Patriot Transportation Holding’s fiscal second-quarter net income improved slightly to $1.44 million, or 46 cents per share, from $1.41 million, or 46 cents, a year ago.

The U.S. economy’s service sector grew in April for the fourth consecutive month, the Institute for Supply Management said Monday.