Business

Sales at U.S. retailers fell more than forecast in January, reflecting smaller receipts at gasoline stations and declines at clothing and sporting goods stores.

CSX Corp. said its board of directors unanimously elected Oscar Munoz as president, effective immediately, and that he will remain chief operating officer.

Applications for unemployment benefits climbed last week to a level that’s consistent with progress in the U.S. labor market.

USA Truck Inc. reported its highest quarterly earnings per share in more than nine years and announced it had its first full year of positive earnings per share since 2008.

U.S. rail intermodal traffic declined 3.3% in the week ended Feb. 7 compared with the same week last year, the Association of American Railroads reported.

An Obama administration six-year, $478 billion legislative proposal that would boost capacity along roadways to reduce freight bottlenecks will be unveiled in the coming weeks, Transportation Secretary Anthony Foxx told House transportation lawmakers on Feb. 11.

The Department of Energy lowered its 2015 forecast for U.S. retail diesel prices by 2 cents to $2.83 a gallon but boosted its crude-oil price forecast slightly.

Home-price growth accelerated in much of the U.S. in the fourth quarter as low mortgage rates and improving employment spurred demand.

Less than two weeks after the Obama administration unveiled a six-year, $478 billion transportation proposal, DOT chief Anthony Foxx appeared before the GOP-led House Transportation and Infrastructure Committee at 10 a.m. EST today.

Maxwell Technologies announced that it has signed an agreement with Purkeys, an electrical systems provider for the trucking industry, for distribution of Maxwell’s ultracapacitor-based engine start module product line.