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FedEx Corp. said Wednesday its fiscal fourth-quarter profit rose 7% to $610 million or $1.96 per share, from $568 million or $1.82 a year earlier.

Union members at a Freightliner plant in North Carolina have agreed to alternate lay-off weeks between first and second shifts, a move that will save about 1,500 jobs, the Associated Press reported Wednesday.

A coalition of groups led by Public Citizen and the Teamsters union said Wednesday that the Department of Transportation was ignoring federal safety laws in implementing a pilot program that would allow Mexican trucks to travel throughout the United States.

Europe-based vehicle makers DaimlerChrysler and Fiat have signed an agreement calling for strategic cooperation to provide Daimler’s truck group with engine and powertrain technology from Fiat, the Associated Press reported.

The Senate approved legislation late Tuesday that would allow the federal government to sue OPEC oil cartel nations under antitrust laws, Bloomberg reported.

A Senate committee approved $28 billion in tax breaks Tuesday to underwrite renewable fuels and “clean coal” technology, but the full Senate cut back provisions that would greatly expand diesel fuel made from coal, the New York Times reported.

Federal antitrust regulators cleared a private-equity firm’s $7.4 billion purchase of Chrysler from DaimlerChrysler, the Associated Press reported.

Trailer equipment rental and leasing firm Xtra Lease said it has added new trailer-tracking features for fleets.

Crude oil futures rose to a nine-month high Tuesday, closing at $69.10 a barrel, the highest New York Mercantile Exchange closing price since Sept. 1, Bloomberg reported.