Business

Transportation and third-party logistics firm C.H. Robinson Worldwide reported a third-quarter profit of $102.6 million, or 62 cents a share, up from $95.5 million, or 57 cents a share, a year ago.

Canadian freight railroad Canadian Pacific’s third-quarter net income fell 6% to C$197.3 million, or C$1.17 per share, from C$209.3 million, or $1.24, a year earlier.

The Federal Motor Carrier Safety Administration has ruled that it is illegal for New Jersey and two local governments to require trucks to display decals or other forms of identification.

Ford Motor Co. Tuesday reported its best third-quarter profit on record, becoming the world’s most profitable automaker, Bloomberg reported.

The rural speed limit on five more Virginia interstate highways will rise to 70 miles per hour from 65 mph by the end of the year, bringing 61% of Virginia’s interstate miles to the higher speed limit.

Covenant Transportation Group reported its second consecutive quarterly profit in almost three years, posting its best back-to-back quarters since the last two quarters of 2005.

Cummins Inc. said Tuesday its third-quarter profit almost tripled, led by strong performances in its engine segment and international markets.

Forty states shared 77 grants totaling $600 million in the second round of a special federal stimulus program designed to boost transportation innovation under the auspices of the Department of Transportation.

Diesel’s national average retail price fell for the first time in a month, dipping 0.6 cent to $3.067 a gallon, the Department of Energy reported Monday.