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For a sixth straight time, the Federal Reserve on Wednesday voted to keep the benchmark U.S. interest rate at 5.25%.

By John LewisChief Executive OfficerGeoLogic SolutionsThe Federal Motor Carrier Safety Administration’s recently proposed rule mandating the use of electronic onboard recorders for habitual violators

FedEx Corp. Wednesday said its fiscal third-quarter profit dipped 2% to $420 million or $1.35 per share, from $428 million or $1.38 a year earlier.

Just a day after it said it would be sold for $38 a share to a group headed by its chief executive officer, transportation firm EGL Inc. said it had received a competing offer for $40 a share from another investment group.

Following six straight weekly increases, the average national price of retail diesel fuel dipped 0.4 cent to $2.681 a gallon, the Department of Energy reported Monday.

Truck maker Volvo AB said its sales for the first two months of the year fell 13%, as U.S. deliveries plunged following new emissions standards that boosted truck prices, Bloomberg reported Tuesday.

Truck and engine maker Navistar International Corp. said Tuesday it saw signs of strength in non-traditional and overseas vehicle markets, despite a 6% downturn in Class 6-8 North American truck and bus shipments in its fiscal first quarter.

New housing starts jumped 9% in February, following a slump in January, the Commerce Department reported Tuesday.

US 1 Industries’ fourth-quarter income was $1.4 million or 11 cents a share, compared with $600,000 or 5 cents a year earlier.

Truck and auto parts maker Eaton Corp. said Tuesday it named Curt Hutchins president and vice president of its heavy-duty transmission unit, effective April 1.