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FedEx Corp. said Wednesday its second-quarter profit slipped from a year ago due in part to Hurricane Sandy, but operating profit at its less-than-truckload freight unit almost doubled.

Navistar International Corp. said it is shipping its first 300 International ProStar Plus Class 8 tractors equipped with Cummins ISX15 engines, which use selective catalytic reduction technology.

Indian truck maker Mahindra & Mahindra Ltd. plans to purchase Navistar International Corp.’s stake in the two companies’ Indian joint venture for about $33 million.

Heavy-duty truck parts supplier, FleetPride Inc., said it has acquired the assets of truck parts firm Drake Supply Co. Terms were not disclosed.

The New York Thruway Authority has canceled a proposed plan to raise truck tolls by 45% after months of opposition from business groups, which said the hike would hurt the state’s economy, Bloomberg reported.

U.S. Sen. Daniel Inouye (D-Hawaii), chairman of the powerful Senate Appropriations Committee and the second-longest serving senator in U.S. history, died Monday at the age of 88.

UPS Inc. said that Monday begins its seasonal peak week of the year and that it plans to deliver more than 135 million packages around the world this week, culminating with 28 million deliveries Thursday, its busiest day of the holiday season.