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Construction spending rose 0.4% in November, the third straight monthly increase, the Commerce Department reported.

YRC Worldwide and the Teamsters union said they have agreed to provide more time for the company to recapitalize its balance sheet.

Truck and auto components maker ArvinMeritor Inc. said it completed the sale of its body systems business to automobile parts provider Inteva Products LLC for $27.3 million.

Intermodal freight volume climbed back late in 2010 to pre-recession levels, driven by cost considerations of both shippers who moved more international import goods and truckers who shifted more freight onto the rails.

Intermodal traffic jumped 25.1% last week compared with the same week a year ago, the Association of American Railroads said Thursday.

Manufacturing activity in the Chicago region jumped this month, indicating overall strength in the U.S. economy, the Institute for Supply Chain Management-Chicago said Thursday.

A federal appeals court granted the Federal Motor Carrier Safety Administration an extension on its proposal for hours-of-service documents until Jan. 31.

Initial jobless claims fell last week to the lowest level in almost two and half years, the Labor Department said Thursday.

Driver turnover is expected to rise this year after remaining near record lows for much of 2010, as the economy strengthens and new federal safety initiatives are implemented, a trucking official said.

Truck and engine maker Navistar International Corp. said its fiscal fourth-quarter profit fell to $39 million from $86 million last year, as costs related to engine development and a new labor contract with United Auto Workers chipped away at results.