Business

Two Idaho state senators want to raise an additional $57 million per year — largely from out-of-state truckers — to build and repair state roads, the Associated Press reported.

The U.S. Department of Commerce announced Tuesday a new initiative with UPS Inc. to boost exports from U.S.-based small- and medium-sized enterprises.

The average national price of diesel fuel jumped 7.5 cents to $2.626 a gallon, while gasoline soared 12.2 cents from last week to $2.505, the Department of Energy said Monday.

Factory orders plunged 5.6% in January, the biggest drop in six years, the Commerce Department reported Tuesday.

Fourth-quarter U.S. worker productivity rose 1.6%, matching the level for the full year but lower than originally estimated, the Labor Department said Tuesday.

Canadian firm Contrans Income Fund reported it earned C$7.8 million or 34 cents a unit, compared with C$6.3 million or 33 cents a year earlier.

Refrigerated truckload carrier Frozen Food Express Industries said Tuesday its fourth-quarter income fell to $3.4 million or 24 cents a share, from $6.4 million or 34 cents a year earlier.

Commercial vehicle component maker Accuride Corp. said Tuesday it earned $14.3 million or 41 cents a share in the fourth quarter, compared with $14.9 million or 43 cents a year earlier.

Auto hauler Allied Holdings will be taken over by the private company Yucaipa Cos. under a bankruptcy exit plan filed jointly by the two firms, Bloomberg reported late Friday.

The U.S. government awarded $385 million in grants last week aimed at jumpstarting ethanol production from nontraditional sources like wood chips, switchgrass and citrus peels, the Associated Press reported.