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New commercial trailer net orders jumped 59% in May from the same month last year, ACT Research Co. reported, adding that the market was “continuing a healthy rebound from a very weak 2009.”

YRC Worldwide Inc. continued its corporate makeover by agreeing to sell a majority interest in its logistics business to private equity firm Austin Ventures for $37 million.

Wal-Mart Stores Inc., the $405 billion retailing giant, is attempting to squeeze suppliers for cost cuts by taking control of millions of shipments into the retailers’ distribution centers, transportation typically arranged by the shippers.

The national average price of diesel dropped 0.5 cent last week to $2.956 a gallon, the sixth decline in seven weeks, the Department of Energy reported.

Seeking to capitalize on an ever-tighter market, many fleets are racing to sign up qualified drivers as freight demand rises and stiffer federal driver standards loom, experts said.

Tonnage hauled by U.S. trucking companies in May rose 7.2% from the same month of 2009, the sixth consecutive year-over-year increase, American Trucking Associations reported last week.

Covenant Transportation Group said Thursday it expects to report a second-quarter profit of 12 to 20 cents per share.

Initial jobless claims rose 13,000 last week, the Labor Department said Thursday.

U.S. manufacturing activity showed expansion in June for the 11th straight consecutive month but dropped from may, the Institute for Supply Management said Thursday.

Construction spending fell 0.2% in May, the first decline in three months, the Commerce Department said Thursday.