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EGL Inc. Chief Executive Officer James Crane’s $1.2 billion buyout bid may undervalue the company by as much as 25%, Bloomberg reported Thursday.

Rail intermodal levels rose last week but overall carload traffic continued a downward trend for the year, the Association of American Railroads said Thursday.

A coalition of seven rail labor unions said late Wednesday it has reached a tentative agreement on a national contract with U.S. freight rail lines.

Just three days after saying it would suspend producing diesel engines for Ford Motor Co., Navistar International Corp. said it would resume production because of a court order from a Michigan judge.

Surface trade among the United States, Canada and Mexico dipped 0.1% in December from the same month a year earlier, though both truck and rail numbers rose, the Department of Transportation said.

The Institute for Supply Management’s manufacturing index for February rose to positive territory from January’s contraction, ISM said Thursday.

U.S. construction spending fell 0.8% January, the Commerce Department said Thursday.

Initial jobless claims rose 7,000 to a 14-month high, the Labor Department said Thursday.

Consumer personal spending rose 0.5% in January, and incomes rose 1%, boosted by bonus payments, the Commerce Department said Thursday.

Truckload carrier Celadon Group said Wednesday that one of its subsidiaries purchased the truckload business and tractors and trailers of Warrior Xpress for about $8.3 million.