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The U.S. economy contracted at an annual rate of 5.5% in the first quarter, a better reading than two previous estimates, the Commerce Department said Thursday.

At one time or another, every business finds itself undercapitalized. Unfortunately, in these tough economic times, qualifying for a line of credit can be extremely difficult. As a result, increasing numbers of transportation companies are looking into factoring, with many of them taking the plunge and selling their accounts receivable to a factor.

New home sales fell 0.6% in May, the Commerce Department said Wednesday.

Durable goods orders rose 1.8% in May, matching April’s increase, the Commerce Department said Wednesday.

D.W. Morgan, a third-party logistics and supply chain consulting firm, has developed an iPhone application that the company said has helped it eliminate paper bills.

Ryder System said it has been certified as a third-party logistics provider in the Custom-Trade Partnership Against Terrorism program, an initiative that seeks to promote supply chain security and reduce border vulnerabilities.

The American Transportation Research Institute has updated its listing of state and local idling regulations, noting that 41 states and localities now have idling regulations.

A carrier’s primary mission is to operate profitably while keeping customers loyal. However, less-than-truckload carrier sales teams often fall short of the mark because they work separately from the operations division and often are at cross-purposes unintentionally.

Clean Energy Fuels Corp., which operates natural gas fueling stations throughout the United States and Canada, said it plans to issue 6 million shares of its common stock.