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Logistics firm Expeditors International of Washington on Tuesday said its fourth-quarter profits fell to $62.6 million or 28 cents a share, down from $74.3 million or 34 cents a year ago.

The U.S. trade deficit widened to a record for a fifth straight year in 2006 as purchases of Chinese goods and imported oil overwhelmed an increase in exports, the Commerce Department said Tuesday.

California state lawmakers are planning toll-road projects that could be a future trend in the state, and some of the first projects will be targeted to roads that move goods from the state’s ports, the Los Angeles Times reported Tuesday.

The average national price of retail diesel fuel jumped 4.1 cents to $2.476 a gallon, the Department of Energy said Monday.

Forward Air Corp., a contractor to the air cargo industry, reported its fourth-quarter net income matched the previous year’s, at $12.2 million, while earnings per share climbed to 40 cents a share from 38 cents.

Average U.S. retail gasoline prices rose 4 cents over the past three weeks to $2.22 a gallon, according to the latest Lundberg survey of gasoline prices released Sunday.

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TAMPA, Fla. — A Technology & Maintenance Council task force said several provisions of the proposed federal requirement for electronic onboard recorders need clarification, and the rule’s required data-display equipment could be a costly and ineffective expense for trucking companies.

Third-party logistics provider Hub Group said late Monday it earned $13.5 million or 34 cents a share in the fourth quarter, up from $10.1 million or 25 cents a share for the same quarter a year earlier.