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Pilots represented by the Independent Pilot’s Association have ratified an eight-year contract with UPS, the carrier said Thursday in a release.

U.S. factory orders fell in July, declining 0.6%, the Commerce Department reported Thursday.

Consumer personal spending rose 0.8% in July, the largest gain since January, the Commerce Department said Tuesday.

After winning approval late Wednesday in the California state Senate, a new plan that would place mandatory greenhouse-gas emissions caps on major industries is expected to be passed by the state Assembly, the Associated Press reported Thursday.

First-time U.S. jobless claims fell by 2,000 to 316,000 last week, the Labor Department said Thursday.

U.S. Xpress Enterprises has acquired a 49% stake in Abilene Motor Express, a Richmond, Va., truckload carrier, the company said Wednesday in a statement.

Heil Environmental has sold its truck equipment business to Truck Bodies and Equipment International, a portfolio company of Kirtland Capital Partners, the company said Wednesday in a release.

Supplies of ethanol and other plant-derived fuels are too scarce to curb U.S. demand for imported crude oil, BP PLC Vice President Carol Battershell told Bloomberg Tuesday.

Auto parts manufacturer Dana Corp., a maker of light-truck axles, reported a $43-million loss in July, Bloomberg reported Wednesday.

FedEx Corp., Northwest Airlines Corp. and Polar Air Corp. have received approval to add four additional cargo flights to China each week, Bloomberg reported last Friday.