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J.B. Hunt Transport Services Inc. reported record first-quarter earnings late Thursday, with a profit of $47 million or 57 cents a share, compared with $33 million or 40 cents a year earlier.

U.S. economic growth will average 3.6% this year, the fastest among the world's leading industrialized nations, according to a new International Monetary Fund report, Bloomberg reported Wednesday.

Truckload carrier U.S. Xpress Enterprises Inc. said it had acquired 41% interest in trucking company Total Transportation of Mississippi and companies affiliated with TTMS.

March retail sales rose 0.3%, the Commerce Department reported Wednesday, less than forecasters had predicted.

Annette Sandberg, administrator of the Federal Motor Carrier Safety Administration, last week asked a Senate subcommittee to include truck drivers’ hours-of-service rules in the multiyear highway funding bill because it would help establish clear guidelines and eliminate the uncertainty surrounding the issue.

Chris Wolfe resigned as president of Qualcomm Inc.’s wireless business unit and was replaced by Joan Waltman, the company’s vice president of engineering, Qualcomm said Wednesday.

A House committee approved a bill Wednesday that would allow the U.S. Postal Service to raise rates more easily and operate more like a private business, Bloomberg reported.

Crude oil prices continued to fall Wednesday, dropping below $51 a barrel following a Department of Energy report showing strong inventories for both oil and gasoline.

Truckload carrier P.A.M. Transportation Services Inc. said late Monday its board of directors had authorized the company to repurchase up to 600,000 shares of its common stock over the next six months.