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Canadian Pacific Railway’s first-quarter net income fell 29% from a year ago to C$91 million, or 59 cents a share, from C$129 million, or 82 cents, a year ago.

Existing homes sales fell 2% in March, the National Association of Realtors said Tuesday.

Sen. Olympia Snowe (R-Maine) has introduced legislation to lower the federal tax on diesel fuel, to make it on par with the gasoline tax.

Hino Trucks said it is forecasting the Class 4-7 market segments to be flat this year, but has set a sales goal of selling 7,000 units in its fiscal year 2008.

Covenant Transportation Group said late Monday it lost $7.8 million, or 56 cents a share, in the first quarter, compared with a loss of $2.1 million, or 15 cents, a year ago.

Refrigerated truckload carrier Marten Transport said its first-quarter net income was $2.7 million, or 12 cents a share, down from $4.6 million, or 21 cents, a year ago.

Forward Air Corp.’s first-quarter profit was $10 million, or 35 cents a share, compared with $10.3 million, or 34 cents, a year earlier.

Volvo Trucks North America plants to lay off 1,100 workers at a Virginia truck production plant next month, citing a weak economy and sagging truck sales, the Roanoke Times reported.

The $338 million Biloxi-Ocean Springs bridge in Mississippi reopened to traffic earlier this month, the Associated Press reported.