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OPEC ministers meeting in Caracas, Venezuela, Thursday agreed to keep production quotas unchanged at a record high level in an effort to ease prices, Bloomberg reported.

The Institute for Supply Management’s manufacturing index slowed in May, the group said Thursday.

Longhaul less-than-truckload carrier Yellow Transportation is reorganizing its managerial structure to keep up with customers’ changing demands, the company’s president said in an interview.

There’s no doubt that the nation is facing a crisis in its transportation infrastructure, as more vehicles are moving ever-more slowly along an aging network of highways, many of them designed for bygone eras.

President Bush intends to nominate Charles Nottingham to be a member — and upon Senate confirmation chairman — of the Surface Transportation Board, the White House said.

Construction spending declined 0.1% in April, the first decline in almost a year, the Commerce Department said Thursday.

Thursday June 1 marked the first day that refiners must begin producing or importing ultra-low-sulfur diesel fuel, in accordance with Environmental Protection Agency regulations.

OPEC, which produces about 40% of the world's oil, is likely to maintain production quotas at an output ceiling at 28 million barrels a day when the cartel’s ministers meet Thursday in Venezuela, Bloomberg reported.

First-quarter worker productivity jumped at a 3.7% annual rate, the Labor Department said Thursday.

The number of Americans filing first-time unemployment claims rose by 7,000 last week to 336,000, the Labor Department said Thursday.