Iteris Inc., which makes lane-departure warning systems for the trucking industry, said Thursday its fiscal first-quarter profit jumped from a year ago.

Great Dane Trailers president and chief operating officer Phill Pines will retire at the end of this year after more than 50 years in the trailer industry, the company said Thursday.

Initial jobless claims fell by 21,000 last week, the Labor Department said Thursday.

Diesel’s national retail price will average $2.98 a gallon this year, the Department of Energy said in boosting its most recent prediction by 2 cents.

Daimler Trucks North America said it has reached new three-year collective bargaining agreements covering union workers at its truck plant in Portland, Ore.