Business

The average retail price of diesel plummeted another 11.6 cents this week, sending trucking’s main fuel down to $3.419 a gallon, a low not seen in almost four years, the Department of Energy said.

FedEx Corp. said it has agreed to buy third party logistics provider Genco to broaden the buyer’s presence in the retail and e-commerce markets.

The House Committee on Ethics announced it would not discipline retiring Rep. Tom Petri (R-Wis.), stating that the 18-term lawmaker sought and adhered to the committee's guidance when he aided firms in which he owned stock.

Navistar International Corp. announced plans to close the Indianapolis foundry where it produces engine blocks and heads for its MaxxForce engines.

FedEx Corp. kicked off what it expects to be its busiest day in company history, Dec. 15.

Amazon.com Inc., seeking to avoid shipping delays that marred last year’s holiday season, is taking more control of its delivery system by opening “sorting centers” around the country.

Industrial production surged in November by the most since May 2010 as U.S. assembly lines churned out more consumer goods and business equipment, signaling manufacturing is bolstering economic growth.