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

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.

Echo Global Logistics said it acquired Plum Logistics LLC, a refrigerated truckload carrier and transportation brokerage company based in Wakefield, Mass. Terms were not disclosed.

When shippers search for the right carrier to transport their goods, price is often just one of their considerations, according to industry experts and trucking executives.

The Intermodal Motor Carriers Conference, dissatisfied with developments in the freight chassis business, is considering establishment of a trucker-based pool that would be the first of its kind, the conference’s executive director said.

U.S. intermodal traffic rose 4.3% for the week ended Saturday from a year ago, the Association of American Railroads said.