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Railroads lost cargo to trucks in the third quarter, adding to a yearlong slide in profits as demand tumbled for coal, oil and metals.

FedEx Corp. reported net income rose 12.7%, excluding one-time costs, for the first quarter of fiscal 2017 compared with the same period a year ago.

Second-quarter earnings rose at YRC Worldwide and XPO Logistics’ less-than-truckload unit, but results of other publicly traded carriers slipped along with the struggling U.S. industrial sector.

YRC Worldwide Inc. reported that earnings rose 4% in the second quarter due to the decline in expenses outpacing the drop in revenue for the company’s two less-than-truckload divisions.

Universal Logistics Holdings Inc. second-quarter earnings fell 32%, and Heartland Express Inc. net income slipped 30%, consistent with weaker results reported by almost every other truckload carrier.

Commercial vehicle supplier Wabco Holdings Inc. reported earnings and revenue rose in the second quarter and in the six-month period as it added market share.

Knight Transportation Inc., Covenant Transportation Group Inc. and Roadrunner Transportation Systems reported weaker third-quarter results due to the freight market.

Echo Global Logistics reported a jump in second-quarter earnings year-over-year, primarily tied to stronger truckload volume and transactional revenue.

Weaker energy-related freight shipments led two more North American railroads to report lower second-quarter earnings, including a decline of 6% at Norfolk Southern Corp. and 3% at Canadian National Railway.