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Crude oil prices closed at a two-month high Thursday on signs global fuel demand could exceed production capacity by OPEC and other exporters, Bloomberg reported.

Manufacturing growth in the Philadelphia area fell this month, moving into negative territory for the first time in two years, the Federal Reserve reported Thursday.

Brink’s Co. is placing its BAX Global air cargo transportation and logistics unit up for sale, the Wall Street Journal reported Thursday.

Housing starts rose 0.2% in May, the Commerce Department reported Thursday, to the fastest overall annual pace in three months.

The number of U.S. workers filing for initial unemployment benefits gained 1,000 to 333,000 for the week ended June 11, the Labor Department reported Thursday.

Regional less-than-truckload carrier USF Holland said late Wednesday it had named Robert Zimmerman its president, replacing Steve Caddy.

Trailer manufacturers and trailer-component suppliers were expected to display their latest products at The Truck Show Las Vegas Thursday through Saturday, along with about 300 other industry suppliers including manufacturers of tires, fuel-saving technology, electrical equipment and brakes.

Commercial Vehicle Group Inc. late Wednesday said it plans to raise $150 million through a private offering of senior notes due 2013.

Crude oil supplies fell more than expected Wednesday, dropping 1.8 million barrels to 329 million, the Department of Energy reported in its weekly inventory survey.

Business activity continued to expand from late April through early June, the Federal Reserve said in its latest “Beige Book” report issued Wednesday, with most of the Fed’s 12 districts reporting expanded manufacturing activity.