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U.S. retail diesel prices slipped 0.8 cent last week, providing a breather for the trucking industry after seven consecutive weeks of increases that had pushed the average cost to a seven-month high.

Transportation and logistics firm Amerijet International said it will acquire a majority interest in Nations Express.

U.S. factory orders rose in May for the third time in four months, the Commerce Department said Thursday.

Transport Topics Online will be closed Friday for the Independence Day holiday. Please check back Monday, July 6, for the latest trucking and freight transportation news.

Now that the federal government is taking over big businesses, it is time to reregulate trucking industry rating structures. We need price stabilization of rates so we can purchase equipment and train our personnel properly.

Consumer confidence fell in June after seeing a big rise in May, the New York-based Conference Board said.

Manufacturing levels in the U.S. improved last month but still showed overall contraction, the Institute for Supply Management said Wednesday.

Supply chain services company Flash Global Logistics said that the first half of 2009 was the company’s strongest six months, with the company adding 66 locations in China and adding new clients.