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Air and ocean freight forwarder UTi Worldwide’s fiscal 2007 second-quarter profit rose to $23.7 million or 24 cents a share, from $22.3 million or 23 cents a year ago.

Stonepath Group will sell its Stonepath Logistics International Services unit to JTM Acquisition Corp. for $17.9 million, the company said Wednesday.

Air cargo shipments rose 4.7% in July compared with the same month last year, the Air Transport Association said Thursday.

First-time U.S. jobless claims fell by 9,000 to 310,000 last week, the Labor Department said Thursday.

U.S. wholesale inventories rose 0.8% in July, the Commerce Department said Thursday.

Goodyear Tire and Rubber Co. will sell its tire fabric operations to Hyosung Corp. of Seoul, South Korea, the tire manufacturer said Thursday.

FMCSA Rules Brokers Must Still Register • Delaware Anti-Idling Law Goes Into Effect • Pennsylvania Increases Fines for Unsafe Highway Driving

Members of the board charged with crafting a replacement for the Single State Registration System said a recent decision by the Federal Motor Carrier Safety Administration could delay the timetable for completing its work.

A transportation industry coalition defending the federal driver hours-of-service regulation said consumer and labor groups challenging the rules made misleading statements and misinterpreted data in arguments they made in court.

The U.S. Transportation Department’s transportation services index fell 0.4% in July from June and the freight index also declined, DOT said Tuesday.