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Wholesale inventories increased 0.8% to $350 billion in April, the Commerce Department reported Wednesday.

Less-than-truckload shippers had mixed reactions to the news that parcel giant UPS Inc. would enter the LTL market with its proposed purchase of Overnite Transportation.

Cedar Rapids, Iowa, is the safest U.S. city to drive in, according to a new insurance study, the Associated Press reported. Sioux Falls, S.D., ranks second.

Shares of a handful of major truckload firms fell Wednesday after a trucking industry analyst from Bear Stearns & Co. lowered ratings on several trucking stocks, citing a slowing business environment, falling demand and higher costs.

Crude oil prices fell for a third straight day following a Department of Energy report Wednesday showing that distillate fuel inventories, which include diesel, rose last week.

Engine and heavy-equipment maker Caterpillar Inc. said Wednesday it would split its stock 2-for-1 and boost its quarterly dividend by 9 cents, following record sales last year.

General Motors Corp. plans to cut 25,000 manufacturing jobs between now and 2008, GM's chief executive officer Rick Wagoner said Tuesday.

Click here to write a Letter to the Editor. he International Brotherhood of Teamsters and Maritech Leasing said they reached accord on the first new contract between the union and a port trucking company in more than 20 years.

Total air cargo shipments rose 0.3% in April compared with a year earlier, following a 3.1% year-over-year drop in March, the Air Transport Association reported.