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The Vermont House approved a transportation budget Friday that includes a six-cent-a-gallon increase in the diesel fuel tax.

Freight airline ABX Air Inc. said its fourth-quarter profit fell to $9.1 million or 16 cents per share, compared with $18.1 million or 31 cents per share a year earlier.

A ruling by a North American Free Trade Agreement dispute panel could lead to the elimination of duties placed on Canadian lumber by the United States, Bloomberg News reported.

The New Jersey Assembly has approved Gov. Jon Corzine's proposal to prevent the state’s Transportation Trust Fund for going bankrupt later this year, news services reported..

Indiana Gov. Mitch Daniels (R) has signed into law a bill that allows the state to lease the Indiana Turnpike to private operators for an upfront payment of $3.8 billion, Reuters reported..

Roger Nober, the former chairman of the Surface Transportation Board, has been elected a partner at the transportation practice group at Steptoe & Johnson, a Washington-based lobbying firm.

The University of Michigan said its consumer sentiment index remained unchanged at 86.7 in March, Bloomberg reported Friday.

President Bush signed a measure into law Thursday aimed at reducing the number of counterfeit manufactured goods.

U.S. factories increased their output in February, rebounding from a decline the previous month, according to a report released Friday by the Federal Reserve.

Saying it was concerned trucking could lose some of its operating flexibility, the American Trucking Associations said it has intervened on the side of the federal government in a lawsuit by Public Citizen that challenges the revised driver hours-of-service rule.