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World trade rose 2.5% in June from May, suggesting that global trade sluggishness could be bottoming out, the Wall Street Journal reported Thursday.

The U.S. economy contracted at an annual rate of 1% in the second quarter, matching an earlier estimate, the Commerce Department said Thursday.

Initial jobless claims fell by 10,000 last week from the previous week, the Labor Department said Thursday.

YRC Worldwide said its board has elected Richard Williamson to be the company’s first chief strategy officer to “coordinate and oversee” the less-than-truckload carrier’s recovery process.

New home sales rose 9.6% in July, on the heels of a big jump in June, the Commerce Department said Wednesday.

Durable goods orders jumped 4.9% in July, the Commerce Department said Wednesday.

Truckload carriers C.R. England and Knight Transportation each recently announced they were investing in new software aimed at making its routing and fuel purchasing more efficient.

Maersk Line’s move to start charging truckers for use of its container chassis is being watched closely by the biggest ocean carrier’s competitors, although none of them have yet followed suit.

Norfolk Southern Corp. said it plans to build a $95 million intermodal terminal in Greencastle, Pa., along the railroad’s proposed Crescent Corridor project to move freight between the South and the Northeast.