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Manufacturing activity in the Chicago region improved this month, but continued to show contraction, the National Association of Purchasing Management said Wednesday.

Canadian transportation firm TransForce Income Fund said Wednesday its first-quarter net income was C$19.1 million, or 22 cents per unit, compared with C$20.9 million, or 24 cents, a year ago.

Wabco Holdings Inc. said Wednesday its net income rose 53% to $61.3 million, or 91 cents a share, from $40.1 million, or 58 cents, a year ago.

General Motors Corp. reported a $3.3 billion first-quarter loss, due in part to a weak U.S. market, a strike at a major parts supplier and plummeting sales of sport utility vehicles and pickup trucks, the Associated Press reported Wednesday.

The United States needs to spend $170 billion more each year on transportation infrastructure to avoid a crisis in the next decade, according to a new study, Bloomberg reported.

The U.S. Customs and Border Patrol agency has implemented an online application for Free and Secure Trade, or FAST, cards through its Global Online Enrollment System, or GOES.

Truckload carrier P.A.M. Transportation Services said it lost $2.8 million, or 29 cents a share, in the first quarter, compared with net income of $1.3 million, or 12 cents, a year earlier.

Trucking components maker ArvinMeritor Inc. reported its first profit in five quarters Tuesday, saying it earned $20 million, or 28 cents a share, compared with a net loss of $94 million, or $1.34, last year.

Chicago will receive more than $153 million in federal funds under a new congestion initiative, the U.S. Department of Transportation said.