Business

Forward Air Corp.’s first-quarter profit was $10 million, or 35 cents a share, compared with $10.3 million, or 34 cents, a year earlier.

Volvo Trucks North America plants to lay off 1,100 workers at a Virginia truck production plant next month, citing a weak economy and sagging truck sales, the Roanoke Times reported.

The $338 million Biloxi-Ocean Springs bridge in Mississippi reopened to traffic earlier this month, the Associated Press reported.

Trucking technology system provider TransCore said its new Rate Index Pro product will provide single-lane, real-time truckload information that can be used in pricing and contract negotiations.

Daimler AG and India’s Hero Group will invest about $1.1 billion in the next five years as Daimler seeks to expand in India, the company said.

ARLINGTON, Va. — The Federal Motor Carrier Safety Administration’s medical review board backed a proposal to recommend to the agency that drivers who have undergone successful kidney-transplant surgery can resume driving 90 days later.

Wall Street’s subprime mortgage crisis has chilled the market for private infrastructure funding by making it more expensive for investors to get financing, according to interviews with several executives.

Rising fuel costs, weakening demand for freight hauling and the subprime lending crisis are making it tougher for drivers and trucking companies to qualify for financing to buy equipment.

Heavy-duty truck making continued its contraction in March, the 15th straight month that U.S. retail sales declined on a year-over-year basis, but orders continued climbing, holding out hope for a rebound later this year.