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The producer price index rose 0.9% in April, led by a surge in gasoline prices, the Labor Department reported Tuesday.

U.S. new housing starts fell 7.4% in April, declining for the third straight month, the Commerce Department reported Tuesday.

US 1 Industries Inc. reported first-quarter net income of $695,000 or 6 cents a share, compared with $717,000 or 6 cents a year earlier.

Package-delivery and supply chain management firm Velocity Express said late Tuesday it lost $4.5 million or 27 cents a share in the first quarter, compared with a loss of $36.6 million or $5.30 a year ago.

California Gov. Arnold Schwarzenegger (R) signed a measure Tuesday that puts a $20 billion transportation bond on the state’s November ballot, the Associated Press reported.

The Department of Transportation Tuesday announced a new national initiative to tackle highway and freight congestion that will include a greater role for privately funded roads.

The Federal Motor Carrier Association has appointed a 15-member board of directors to issue rules and regulations governing the universal carrier registration agreement.

Deutsche Post AG, parent of DHL Americas, said Tuesday its first-quarter profit rose 5% to 482 million euros or 40 cents a share, from 459 million euros or 41 cents a year earlier.

The worst flooding in New England in 70 years has shut down many roads and bridges, including parts of Interstate 95 and Route 1 near Boston, news services reported.

A glimmer of a silver lining has appeared in the dark clouds that sky-high fuel costs are presenting to the trucking industry, in the form of a high-level federal review of the costs and benefits of boutique fuels.