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The U.S. economy contracted at an annual rate of 5.7% in the first quarter, a slight improvement from the 6.1% downturn reported last month, the Commerce Department said Friday.

U.S. consumer confidence has improved to the highest level since September, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.

Manufacturing activity in the Chicago declined in April, showing contraction for a seventh straight month, the Institute for Supply Chain Management-Chicago said Friday.

Truckers who pull refrigerated trailers into and around California have less than two months to prep for a rule that requires the small diesel engines that power older reefers to meet a state emission standard.

Intelligrated Inc. said Thursday it will acquire the U.S. operations FKI Logistex Holdings for $40 million in a cash deal with Melrose PLC, a British turnaround specialized, the Associated Press reported.

Third-party logistics company Agility said that it has acquired Trafinsa S.A. de C.V., a Mexican company with which it has partnered before.

UPS Inc. is in talks with one of its unions to attempt to avoid potentially laying off 300 pilots, about 10% of its total, Bloomberg reported.

India’s Tata Motors said it is unveiling a new line of trucks to be called the “world truck,” the New York Times reported Thursday.

Driveshaft and axle maker Dana Holding Corp. has named James Sweetnam as its new president and chief executive officer.