Canadian firm Contrans Income Fund said Wednesday its fourth-quarter income was C$7.5 million, or 31 cents per unit, compared with C$7.8 million, or 31 cents, a year ago.

Hans-Jörg Hager, chairman of the board of Schenker Logistics, will step down from his position this year, the company said Tuesday.

Existing homes sales fell to the lowest level in nine years in January, the National Association of Realtors said Monday.

U.S. retail diesel prices soared 11.6 cents last week to a national average of $3.396 a gallon, the highest level since early December, the Department of Energy reported.

Canadian transportation firm Contrans Income Fund said it plans to consolidate certain operations of its dry van and flatbed businesses in eastern Canada.

Floods and road closures in the Pacific Northwest have hurt the trucking industry this winter, the Olympian newspaper reported.

Teamsters union members voted 2-to-1 to ratify a new five-year National Master Freight Agreement with major less-than-truckload carriers that trucking industry executives said gives unionized companies new flexibility to adapt to changing market conditions.