Canadian Pacific Railway’s first-quarter net income fell 29% from a year ago to C$91 million, or 59 cents a share, from C$129 million, or 82 cents, a year ago.

Existing homes sales fell 2% in March, the National Association of Realtors said Tuesday.

Retail diesel surged 10.4 cents to $4.059 a gallon, the first time the national average price has crossed above $4, the Department of Energy reported. Also last week, both the U.S. gasoline average and crude oil prices set new records.

Canadian factory shipments rose twice as quickly as anticipated in February on a jump in automobile production after shutdowns late last year, Bloomberg reported Wednesday.

The National Industrial Transportation League said Bruce Carlton will become the group’s president on June 1. He will succeed interim president Annette Sandberg.

Trailer maker Wabash National Corp. said it would sell 1,900 trailers to refrigerated carrier Prime Inc.