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Heavy-duty truck maker Paccar Inc. said Tuesday its second-quarter profit plunged 92% to $26.5 million, or 7 cents a share, from $313.5 million, or 86 cents, a year ago.

Covenant Transportation Group said it lost $3.1 million, or 22 cents per share, in the second quarter, compared with a loss of $2.3 million, or 17 cents, a year ago.

FedEx Corp. said it has named Mike Moss as president of FedEx National LTL, the parcel carrier’s long-haul less-than-truckload unit.

New home sales increased 11% in June, the largest increase in eight years, the Commerce Department said Monday.

Wireless-services provider Qualcomm Inc. said its fiscal third-quarter earnings slipped to $737 million, or 44 cents a share, from $748 million, or 45 cents, a year ago.

Both of the terminal operators at the Port of New Orleans have reduced their business hours in response to the economic recession and reduced shipping, the Times-Picayune reported.

TNT NV, Europe’s second largest post company, said its second-quarter earnings declined to about $115 million, from about $292 million a year earlier.

Helmut Endres, vice president of engineering for Navistar Inc.’s engine group, has left the company, the truck and engine maker told Transport Topics on July 23.

Iteris Inc., which makes lane-departure warning systems for the trucking industry, said Thursday its fiscal first-quarter profit decreased from a year ago.