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Surface transportation trade among the United States, Canada and Mexico fell 35.4% in May from a year earlier, the largest year-to-year drop on record, the Department of Transportation said Thursday.

Substantial production cuts did not stop Germany-based truck maker MAN SE’s second-quarter profit from plummeting 95%, Bloomberg reported.

Navistar said that its exhaust gas recirculation technology will increase International truck prices by up to $8,000 for the 2010 model year.

Durable goods orders declined 2.5% in June, but orders excluding transportation equipment increased 1.1%, the Commerce Department said Wednesday.

The Federal Reserve said Wednesday that almost all Federal Reserve districts are seeing the pace of economic recession slow down, but the transportation sector is still showing signs of weakness.

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.

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.

Truck tonnage decreased 13.6% in June compared with a year ago, American Trucking Associations said late Monday.

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