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Navistar International Corp. and Caterpillar Inc. will expand upon their existing relationship as part of an agreement to settle all pending litigation between the two companies, Navistar said Thursday in a statement.

Crude oil futures rose 15 cents to close at $72.51 a barrel on the New York Mercantile Exchange for the week as traders eyed a new tropical storm that could develop into a hurricane over the weekend, Bloomberg reported.

Durable goods orders fell 2.4% in July on decreased demand for commercial aircraft and motor vehicles, the Commerce Department reported Thursday.

New home sales fell 4.3% in July, the Commerce Department said Thursday.

First-time U.S. jobless claims fell by 1,000 to 313,000 last week, the Labor Department said Thursday.

American Trucking Associations said Thursday its preliminary July for-hire truck tonnage index rose 0.7%, following a revised decline of 0.4% in June.

Trailer maker Wabash National Corp. reported Thursday net income of $5 million or 15 cents a share for the second quarter, compared with $49 million or $1.33 last year.

ArvinMeritor has named Carsten Reinhardt president of its Commercial Vehicle Systems business, the company said Thursday in a release.

In response to ongoing driver shortages, trucking companies are aggressively recruiting older drivers, including husband and wife teams, the Wall Street Journal reported Thursday.

Package delivery company Pak Mail Centers of America has launched a new logistics division, the company said Thursday in a release.