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Manufacturing levels in the Philadelphia region contracted this month, the Federal Reserve Bank of Philadelphia said.

An index of leading economic indicators fell 0.4% last month, the New York-based Conference Board said Thursday.

Union Pacific Corp. cut its earnings forecast for the fourth quarter, citing higher diesel fuel costs and a delay in recovering its fuel surcharges.

Ryder System said Wednesday it will buy the truck leasing business of Lily Transportation Corp., a Northeast regional transportation services company based in Needham, Mass.

Bill Pugh, executive director and general counsel of the National Motor Freight Traffic Association, resigned the post he has held for the past six years, NMFTA said.

Initial jobless claims rose by 12,000 last week to 346,000 last week, the Labor Department said Thursday.

Trucking industry technology provider Xata Corp. said Thursday it will buy fleet tracking and communications firm GeoLogic Solutions for $17.5 million.

General Motors Corp. and International Truck and Engine Corp. said Thursday they have reached tentative agreement for International’s parent company Navistar Corp. to buy GM’s medium-duty truck business.

The U.S. economy expanded at a 4.9 % annual growth rate in the third quarter, the most in four years, the Commerce Department said Thursday.