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New home sales fell 8.4% in June from a two-year high, led by a record plunge in the Northeast, the Commerce Department said Wednesday.

Heavy equipment maker Caterpillar Inc. Wednesday reported a $1.7 billion second-quarter profit and boosted its full-year earnings outlook.

Norfolk Southern Corp. said its second-quarter profit dropped 6%, but income from railway operations rose 7% to $934 million.

Canada National Railway Co. reported higher second-quarter earnings and Canadian Pacific Railway Co. reported a drop.

The hours-of-service rules set to take effect next year for truck drivers will add a significant cost to the trucking industry without providing much of a benefit, American Trucking Associations said Tuesday in a court filing.

Volvo AB’s second-quarter adjusted earnings slipped 4.1%, as North American truck sales rose but orders fell, Bloomberg reported Tuesday.

Ryder System said its net earnings rose 14% to $46.7 million, or 91 cents per share, up from $40 million, or 77 cents from a year ago.

Commercial Vehicle Group reported a second-quarter profit compared with a loss last year, the truck and auto components maker said.