Business

First-time U.S. jobless claims rose 3,000 last week to 311,000, the Labor Department said Thursday.

Truckload carrier P.A.M. Transportation Services said Wednesday it earned $4.3 million or 41 cents a share for the fourth quarter, the same as its previous fourth quarter earnings.

Eastern freight railroad CSX Corp.’s intermodal unit plans to invest about $8 million to expand its Charlotte, N.C., terminal, the company said Wednesday.

Transportation and logistics firm EGL Inc. said Wednesday that the private firm set to buy the bulk of EGL’s stock and take the company private pulled out of the $1.2 billion deal, citing concerns about EGL’s impending 2006 earnings report.

Shares of Navistar International Corp. will be delisted from the New York Stock Exchange at the close of trading on February 13, the truck manufacturer said late Tuesday.

A growing number of truckers report higher earnings since the ports of Long Beach and Los Angeles instituted their OffPeak program July 2005, the program’s sponsors said.

U.S. productivity rose 3% in the fourth quarter, following a 0.1% decline in the third quarter, the Labor Department said Wednesday.

Manufacturers of electronic onboard recorders had differing views of the federal government’s proposal to require recorders for some motor carriers, with some saying the government was treating EOBRs punitively and others hailing the move as an important safety development.

Iteris Reports Higher 3Q Revenue, Operating Income • Maine Lawmakers Seek ‘Real ID’ Repeal • Stepped-Up Laws, Enforcement Boost Road Safety, Paper Reports

Diesel prices will average $2.59 this year, down from $2.705 last year and 7 cents below an earlier forecast, the Department of Energy said Tuesday.