Business

The nation’s worst traffic bottleneck is located in Fort Lee, New Jersey, where Interstate 95 and State Road 4 merge just west of Manhattan’s George Washington Bridge, according to the American Transportation Research Institute’s 2014 survey of congested U.S. freight highways.

A bill that provides millions of dollars in tax credits to the trucking industry in everything from truck buying to using natural gas has been approved by the Senate and sent to President Obama.

FedEx Corp. said net income for its fiscal second quarter ended Nov. 30 rose 23% to $616 million, or $2.14 per share, helped by stronger results in the air, ground and freight units.

SAN ANTONIO, Texas — The trucking industry continues to see a shortage of technicians, industry officials said here at an annual gathering and competition of technicians who work for the biggest U.S. truck dealership.

FedEx Corp. has acquired cross-border, online-purchase technology company Bongo International to enhance its portfolio of e-commerce solutions. Terms were not disclosed.

The cost of living in the U.S. fell in November by the most in almost six years, depressed by falling energy prices that signal inflation will stay below the Federal Reserve’s goal heading into 2015.

The U.S. Senate approved the nomination of Mark Rosekind to become administrator of the National Highway Traffic Safety Administration on Dec. 16 among a batch of nominees to federal positions. 

Thomas James, CEO of the Truck Renting and Leasing Association since 2009, died unexpectedly Dec. 15. He was 51.

Navistar International Corp. reported a smaller loss for its fiscal fourth quarter, citing improved truck sales and lower warranty costs.

UPS Inc. has expanded four distribution facilities in North America, increasing its supply chain network size by 1.2 million square feet.