ºÚÁϳԹÏÍø

Rising oil prices and higher construction costs may delay several major road projects planned for Ohio in the next few years, the Associated Press reported.

U.S. wholesale inventories rose 0.2% in March, the Commerce Department said Tuesday.

Crude oil remained at about $70 a barrel early Tuesday after falling below that level Monday, the third decline in four trading days, Bloomberg reported.

Volvo Trucks North America and Mack Trucks issued voluntary recall notices for a combined 1,300 Class 8 trucks to fix potential steering system problems.

Western freight railroads Union Pacific and BNSF Railway Co. said they would jointly fund a $100 million track expansion in Wyoming, to boost coal-handling capability.

Transportation and logistics firm EGL Inc. reported first-quarter net income of $11.1 million or 27 cents a share, up from $7.2 million or 14 cents a year ago.

General Motors Corp. said late Monday it posted a first-quarter profit of $445 million — not a $323 million loss it reported earlier — because of a change in accounting procedures related to costs of a retiree health-care fund.

The Transportation Department’s transportation services index rose 0.8% in March from February, and the index’s freight component also increased, DOT said Tuesday.

Independent owner-operators, squeezed by soaring fuel prices, are less likely than fleets to purchase new trucks this year because of rising fuel prices, news reports said.

FedEx Corp.'s FedEx Express unit plans to spend $164 million to boost its parcel-processing capacity at Indianapolis International Airport to handle growth in international shipments, the company said late last week.