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Expeditors International of Washington Inc. reported net income fell 9% to $96.6 million, or 53 cents per share, as air and ocean freight forwarding shipments and profitability declined.

The St. Louis Regional Freightway launched April 27 to coordinate planning and projects for the region’s freight and shipping infrastructure as well as to expand the local industrial business market on both sides of the Mississippi.

Consumer confidence fell to a seven-month low in April as Americans’ expectations about economic growth dropped to the lowest point since September 2014.

Consumer confidence retreated more than forecast in April as Americans’ optimism about the outlook for the economy and employment waned.

Norfolk Southern Corp. reported the best year-over-year improvement in first-quarter rail industry earnings, boosting net income 25% to $387 million, or $1.29 per share, helped by expense reductions and improved results for commodity groups, particularly automotive shipments.

Union Pacific Corp. reported first-quarter earnings higher than analysts’ expectations as the railroad cut costs and boosted prices to mitigate a steep drop in cargo demand, pushing shares to their highest value in five months.

U.S. net orders of trailers hit 13,800 in March, down 39% year-over-year as all but dump trailers showed weakness, while backlogs remained solid, research firm FTR said.

Hapag-Lloyd is in talks with United Arab Shipping Co. on a possible combination of their container businesses, potentially setting up the German company’s second merger in two years as the maritime-freight industry grapples with a drop in prices.