Business

Covenant Transportation Group Inc. said it expects fourth-quarter 2014 net income of 70 cents to 78 cents a share, compared with 40 cents a share in the previous year’s quarter.

The Cass Freight Index, a measure of shipping activity in trucking and other transportation modes, rose in November and expenditures increased, Cass Information Systems said.

Retail sales in the U.S. rose in November by the most in eight months as shoppers benefited from an improving job market and cheaper fuel.

The number of Americans filing for unemployment benefits fell to a three-week low as an improving economy limited dismissals.

The Teamsters union has withdrawn another election petition at FedEx Freight, the company said, in the latest sign that organizing efforts are losing momentum.

Direct Trailer has acquired Antares Trailers in a deal that combines the capabilities of the two flatbed manufacturers. Financial terms were not disclosed.

The Department of Transportation’s freight transportation services index rose to an all-time high in October, DOT said Dec. 10.

The Federal Motor Carrier Safety Administration is soliciting applications and nominations from trucking industry stakeholders to serve on an advisory committee to negotiate and help develop proposed regulations for entry-level truck driver training.

Falling fuel prices, crumbling roads and bridges and a gridlocked Congress have U.S. states, even those run by Republicans, debating higher taxes.