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House and Senate negotiators assigned to produce a compromise joint highway bill met last week in their only public meeting before slipping behind closed doors to work out issues ranging from funding to construction of the Keystone XL Pipeline.

Accelerating domestic demand pushed up first-quarter rail/truck shipments by 5.8% to 3.48 million, setting a record for the first three months of any year, the Intermodal Association of North America reported.

Retail diesel prices declined for a fourth week, with the national average dipping 1.6 cents to $4.057 a gallon, the Department of Energy reported, while crude oil futures fell to the lowest levels in three months.

The American Transportation Research Institute last week released findings from the first phase of its three-part research effort aimed at mitigating large truck rollovers.

Consumer confidence rose to a four-year high this month, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.

XPO Logistics reported a first-quarter loss and announced its first acquisition, saying it will buy brokerage firm Continental Freight Services for $3.4 million.

Prices paid to U.S. producers fell in April for the first time in four months, the Labor Department reported Friday.

Heavy-equipment maker Caterpillar Inc. said it is selling a majority stake in its third-party logistics business to Platinum Equity for $750 million.