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Wabco Holdings said Wednesday it lost $365.4 million, or $5.68 a share in the second quarter, largely due to a fine.

Oil prices fell near $77 Wednesday after a report showed that crude supplies jumped last week, the Associated Press reported.

Durable goods orders dropped 1% in June, the second consecutive monthly decline, the Commerce Department said Wednesday.

The exodus of drivers during the economic downturn is creating a driver shortage as the economy begins to recover. Add to this escalating costs for carriers complying with new federal regulations for tractors, trailers and communications and you have a recipe for reduced capacity and higher prices.

Canadian freight railroad Canadian Pacific’s second-quarter net income gained 23% to C$166.6 million, or 98 cents per share, from C$135.5 million, or 80 cents, a year earlier.

Norfolk Southern Corp. said its second-quarter profit jumped 59% from a year ago.

Transportation and third-party logistics firm C.H. Robinson Worldwide reported a second-quarter profit of $97.2 million, or 59 cents a share, up from $92.3 million, or 54 cents a share, a year ago.

WASHINGTON — Transportation Secretary Ray LaHood rejected raising fuel taxes to pay for highway improvements and said that, despite pessimism about the prospects for a long-term highway bill, the administration was focused on completing a bill this year.

Twenty-five percent of the nation’s 603,000 bridges are structurally deficient in some way, but the federal government lacks the analytic and procedural tools to determine what impact federal bridge money would have in addressing the problem, a Government Accountability Office report said.