Business

The concrete piers of two new bridges are rising out of the Ohio River between Louisville, Kentucky, and southern Indiana, as crews blast limestone and move earth to build the roads and tunnels that will soon connect the twin spans to nearby interstate highways.

Retail sales in the U.S. dropped in September, reflecting a broad-based pullback that signaled consumers took a breather.

Wholesale prices in the U.S. unexpectedly fell in September for the first time in a year, propelled by a drop in fuel costs that continues into this month, the Labor Department reported.

Marten Transport Ltd. said third-quarter net income declined to $7.7 million, or 23 cents per share, from $8 million, or 24 cents per share, last year.

Canadian Pacific Railway Ltd. is pursuing a merger with third-largest U.S. railroad CSX Corp., multiple news services reported, that would be the first such combination of major railroads in 15 years.

Canadian Pacific Railway’s megamerger ambition may whet the industry’s appetite for deals.

J.B. Hunt Transport Services’ net income increased in the third quarter to $102.4 million, or 87 cents per share, from $89.5 million, or 75 cents per share.

FedEx Freight drivers at the Cinnaminson, New Jersey, terminal have voted against becoming Teamsters in the first-ever unionization vote at the nation’s largest less-than-truckload company, the company said.

The latest DAT report of spot freight market activity showed a 32% increase in freight volume in September from last year, the 14th consecutive monthly increase.

Diesel dropped 3.5 cents to $3.698 a gallon, the Department of Energy reported, as oil prices fell to the lowest level in more than two years.