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U.S. new home sales rise the highest level in seven months, rising 2.1%, the Commerce Department reported Friday.

Freightliner LLC said it named Joshua Palmer general manager of dealer operations, effective immediately.

U.S. orders for durable goods rose 5.5% in May, the most in more than a year, the Commerce Department said Friday.

Rail freight traffic increased for the week ended June 18 compared with the same week last year, and intermodal volume also rose, the Association of American Railroads said.

The Commercial Vehicle Safety Alliance posted the results of its 72-hour “Roadcheck 2005” truck and bus inspection effort Friday, and the group said safety officials performed a record number of inspections.

Click here to write a Letter to the Editor. rude oil prices hit $60 a barrel Friday for a second day after hitting that milestone for the first time Thursday, news services reported.

Click here to write a Letter to the Editor. img src="http://www.ttnews.com/images/printeditiontag_new.gif" width=120 align=right>I recently delivered a “State of the Industry” speech at the National Press Club. When I scheduled that speech I had hoped to talk about the many positive achievements contained in the recently passed highway reauthorization bill. Unfortunately, my speech-making plans were premature: The highway bill didn’t pass in time, and at this writing, the nation is still waiting for final passage of a highway bill.

FedEx Corp. reported Thursday that net income for its fourth quarter ended May 31 rose to $448 million or $1.46 a share, from $412 million or $1.32 a year ago.

Click here to write a Letter to the Editor. rude oil prices hit $60 a barrel for the first time Thursday, news services reported.

Truckload carrier Covenant Transport said Thursday its second-quarter earnings per share would be 2 cents to 8 cents a share, compared with earning 30 cents a share in the same quarter last year.