Business

Truckload carrier Knight Transportation said its first-quarter profit rose 5.1% to $12.3 million, or 15 cents a share, from $11.7 million, or 14 cents, a year ago.

Forward Air Corp. reported a first-quarter profit of $3.4 million, or 12 cents per share, compared with a loss of $3.1 million, or 11 cents, a year ago.

Forward Air Corp. reported a first-quarter profit of $3.4 million, or 12 cents per share, compared with a loss of $3.1 million, or 11 cents, a year ago.

Logistics, intermodal and brokerage firm Hub Group’s first-quarter profit grew to $8.7 million, or 23 cents a share, from $6.2 million, or 17 cents, a year ago.

UPS Inc. and FedEx Corp. have begun getting flights through their major European hubs, following the slowdown in air traffic this week due to the volcano in Iceland, the Philadelphia Inquirer reported.

Transportation and third-party logistics firm C.H. Robinson Worldwide reported a first-quarter profit of $84 million, or 50 cents a share, down slightly from $85.4 million, or 50 cents a share, a year ago.

The Department of Transportation said $48.8 billion is now available to state transportation departments for federal projects through the Hiring Incentives to Restore Employment Act.

Refrigerated truckload carrier Marten Transport’s first-quarter profit fell slightly, though trucking and logistics revenue improved due in part to higher fuel surcharges.

The Senate Agriculture Committee is scheduled to mark up a bill Wednesday that would impose stiffer regulations on the speculative trading of commodities, but would exempt trades from legitimate commercial hedgers like trucking companies.