Business

The Ontario Trucking Association said Tuesday that an apparent diesel fuel shortage in the province was causing concern to truckers.

American Trucking Associations’ advanced seasonally adjusted truck tonnage index fell 3.6% in January following an increase in December, ATA said Tuesday.

Retail diesel fuel’s national average price rose for a fourth straight week, jumping 6 cents to $2.551 a gallon, the Department of Energy said Monday.

Tank truck carrier Quality Distribution’s fourth-quarter profit was $6.2 million or 31 cents a share, compared with $6.2 million or 32 cents for the previous fourth quarter.

Volkswagen AG has boosted its stake in German truck maker MAN AG to 29.9% from 20%, as part of an effort to create Europe’s largest truck maker in a combination including Swedish competitor Scania AB, Bloomberg reported Tuesday.

Durable goods orders posted their biggest decline in three months, falling 7.8% in January, the Commerce Department reported Tuesday.

Volvo AB has agreed to buy Ingersoll Rand Co.’s road building-equipment unit for $1.3 billion, in a deal that would make it the world’s third-largest maker of construction equipment, Bloomberg reported Tuesday.

Consumer confidence reached the highest level in five years, the New York-based Conference Board said Tuesday.

Existing home sales rose 3% in January, the National Association of Realtors said Tuesday.

Union Pacific Railroad has laid off 124 people and cut back hours for 455 more because of lower freight demand, the Associated Press reported, and a market analysis firm Monday lowered its market outlook for the rail sector.