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Truck traffic will shift to secondary roads if a proposed toll increase on the New York state Thruway goes into effect, business leaders told state lawmakers Monday, the Rochester (N.Y.) Democrat and Chronicle reported Tuesday.

FedEx Corp. said Tuesday it will be build an $87 million facility in Ohio for its FedEx Ground unit, as part of plans to double its North American ground shipping capacity.

The Federal Reserve voted Tuesday to lower the benchmark U.S. interest rate by a quarter of a percentage point to 4.25%, the third reduction in four years.

Federal Reserve policymakers are expected to lower a key interest rate for a third time this year to forestall housing and credit market turbulence from further hurting the economy, the Associated Press reported.

At least 55 Mexican trucks have received approval to make deliveries anywhere within the United States under the Transportation Department’s pilot program, the San Antonio Express-News reported.

The average price of retail diesel slipped below its record high last week, dipping 2.8 cents to $3.416 a gallon, the U.S. Department of Energy reported, citing a decline in demand for distillate fuels.

A storm with hurricane-force winds and torrential rainfall swept across the Pacific Northwest early last week, snarling transportation in Washington and Oregon and flooding a crucial freight-carrying highway.

The spot market for truckload services showed some signs of increased activity last week as executives with a major carrier and a brokers’ load-matching service said the market tightened in October and November, compared with earlier months.