Business

Expeditors International of Washington Inc. reported net income fell 9% to $96.6 million, or 53 cents per share, as air and ocean freight forwarding shipments and profitability declined.

LONG BEACH, Calif. — UPS Inc. said that 125 of its hybrid electric delivery trucks have been updated with a new engine that extends their delivery range while improving fuel economy.

DECATUR, Ill. — Canadian National, the largest railroad in Canada and one of the largest railroads in North America, pledged its support May 2 to developing the Midwest Inland Port in Decatur, Illinois.

Drivers can zip along most of the Pennsylvania Turnpike at 70 mph and keep cruising that fast on most of Interstate 380 starting May 2.

There is one positive aspect of U.S. manufacturing’s recent performance. While uninspiring, the rate of growth is broadening to include almost all types of producers.

The U.S. average retail diesel price rose by 6.8 cents to $2.266 a gallon, the highest level this year, the Department of Energy reported after its May 2 survey of fueling stations.

U.S. gasoline demand rose at the fastest annual rate in almost 40 years in February as stronger economic growth and cheap fuel prices spur driving in the world’s biggest oil consumer.

The biggest acquisition in FedEx Corp.'s 43-year history has cleared its final regulatory hurdle, after the deal received approval from Chinese officials, the parcel delivery company said.

Early morning on April 19, the massive Maersk Edmonton moored at the nation's biggest cargo terminal, in the Port of Los Angeles. At 8 a.m., around 200 workers, operating nine cranes, swarmed the 1,200-foot-long containership.