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Initial jobless claims decreased by 10,000 last week to 390,000, the lowest level in seven months, the Labor Department said Thursday.

Transport Topics Online will be closed Friday for the Veterans Day holiday. Please check back on Monday, Nov. 14, for the latest trucking and freight transportation news.

Will the old saw, “third time’s the charm,” turn out to be true for the truck safety tax-credit bill? That’s what carriers of all sizes are hoping for — although the larger fleets may be hoping a tad harder than their smaller colleagues.

At last, we’ve had some movement on Capitol Hill toward enactment of a new federal transportation funding act.

U.S. retail diesel prices slipped 0.5 cent to $3.887 a gallon last week, the Department of Energy reported, halting a string of three weekly increases.

Fifteen Mexican trucking companies have applied for operating authority to make deliveries in the United States under the cross-border pilot program, the Federal Motor Carrier Safety Administration said last week.

Truckers who purchase vehicles powered by natural gas could reap federal tax credits of up to $64,000 a truck under a bill already introduced in the U.S. House of Representatives and expected to be introduced soon in the Senate.

Transportation advocates said they were not surprised that Senate Republicans blocked President Obama’s $60 billion infrastructure proposal earlier this month, and they see it as an opportunity for Congress to focus on a long-term highway reauthorization bill.

KOPING, Sweden — The Volvo Group said it is moving ahead with a plan to shift the assembly of its I-shift automated mechanical transmission from its factory here to the United States and Brazil for trucks that its subsidiaries build in North and South America.