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Daimler AG and a large Chinese truck maker have received Chinese government approval for their joint venture to build medium- and heavy-duty trucks and engines for the domestic market and for export.

With Virginia already moving to toll Interstate 95, neighboring North Carolina has also launched an effort to obtain federal permission to toll its stretch of the highway.

CHICAGO — Shipper representatives speaking at the McLeod Software User’s Conference 2011 here last week said the most important things a carrier should do are to be on time, provide delivery status and maintain dependable relationships.

Third-party logistics company C.H. Robinson said it has acquired produce provider Timco Worldwide Inc. Terms were not disclosed.

Initial jobless claims fell last week by 37,000 last week, the Labor Department said Thursday.

Third-party logistics provider Saddle Creek Corp. said it is purchasing natural gas trucks for its for-hire fleet.

The U.S. economy rose at a 1.3% annual rate in the second quarter, the Commerce Department said Thursday, boosting an earlier estimate.

Quazar Capital Corp. said its brokerage unit, Pioneer Transfer, has been acquired by RFX. Terms were not disclosed.

Oil fell more than $1 Wednesday to near $83 a barrel following a Department of Energy report that showed supplies rose last week, Bloomberg reported.