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Freight forwarder Target Logistics said Thursday net income for its fiscal first quarter ended September 30 declined to $277,000 or 1 cent a share, down from $477,000 or 2 cents in the 2005 first quarter.

FedEx Corp. said Thursday its FedEx Express unit signed an agreement to acquire its Indian service provider, Prakash Air Freight Ltd., for $30 million.

U.S. factory orders rose 2.1% in September, the Commerce Department reported Wednesday.

Tank truck carrier Quality Distribution late Wednesday reported third-quarter net income of $38 million or $1.94 a share, up from $50,000 or zero cents a year ago.

Eckhard Cordes, formerly head of DaimlerChrysler AG’s Mercedes division, has emerged as the top chief executive candidate for the truck manufacturer that would be formed by a MAN/Scania merger, Bloomberg said, citing reports from German newspaper Sueddeutsche Zeitung.

Express-1 Expedited Solutions on Thursday reported it earned $905,000 or 3 cents a share in the third quarter, compared with a loss of $551,000 million or 2 cents a year ago.

First-time U.S. jobless claims rose to a three-month high last week, jumping 18,000 to 327,000, the Labor Department said Thursday.

Worker productivity was unchanged following a revised 1.2% gain in the second quarter, the Labor Department reported Thursday.

UPS on Thursday announced it is expanding its Trade Direct service to Japan.

Refrigerated truckload carrier Frozen Food Express Industries reported late Tuesday its third-quarter income fell to $2.9 million or 16 cents a share, from $5 million or 26 cents a year ago.