Business

Truck and automobile parts maker Visteon Corp. reported its third-quarter net income dropped and announced a $100 million restructuring, while Commercial Vehicle Group also provided a quarterly profit.

A group of local governments in southern Virginia announced they have hired an attorney to help them fight the state’s proposal to put a toll on the section of Interstate 95 that runs through the area.

Logistics firm Expeditors International of Washington said Tuesday its third-quarter profit declined from a year ago on a “convergence of industry challenges.”

The Federal Motor Carrier Safety Administration said it has set up an “interstate petroleum transport team” to ensure the fastest and most efficient movement of fuel to regions hard hit by Hurricane Sandy.

American Trucking Associations released an analysis of the truck driver shortage, concluding that while the shortage is acute and limited to the truckload sector, long-term trends could cause it to explode in the next decade.

XPO Logistics reported a third-quarter loss of $3.1 million or 22 cents per share, compared with net income of $190,000 and a loss of $5.38, a year ago.

Keen Transport said it has promoted Chris Easter to president and chief operating officer.

Several East Coast refineries were struggling to resume full operations following Hurricane Sandy, as gasoline and diesel supplies in the New York and New Jersey region ran low and filling stations attempted to come back online in the two states, news services reported.