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The U.S. producer price index fell 1.4% in February, the largest decline since April 2003, as food and fuel prices fell, the Labor Department said Tuesday.

Air-freight and cargo company Kitty Hawk Inc. reported a fourth-quarter loss of $3.8 million or 8 cents per share, compared with a profit of $5.4 million or 11 cents per share a year earlier.

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Truck maker Navistar International Corp. said it still cannot file its fiscal first-quarter earnings report because it is still resolving accounting issues for last fiscal year, Bloomberg reported.

Sen. John Kerry (D-Ma.) said he will try to prevent Richard Capka from becoming the head of the Federal Highway Administration, the Associated Press reported..

Volvo AB, one of the world’s largest manufacturers of heavy-duty diesel engines and trucks, said it would introduce diesel-electric hybrid power systems for heavy trucks, including freight transporters.

The Michigan House approved a bill last week that would provide motorists a tax break for purchasing fuel with higher ethanol and biodiesel content, the Associated Press reported.

Although fleets’ interest in auxiliary power units is growing, officials at Freightliner Trucks said they expect demand to slow temporarily this year as carriers concentrate their spending on current trucks rather than those coming in January.

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.