Business

Trimble, the parent of several major suppliers of technology to the North American trucking industry, has acquired a rail technology firm. Terms were not disclosed.

Ruan Transportation Management Systems has promoted Ben McLean to CEO from chief operating officer, succeeding Steve Chapman.

Construction spending rose 1.1% in October, the Commerce Department reported Dec. 2.

Diesel’s national average pump price declined 2.3 cents to $3.605 a gallon, the Department of Energy reported Dec. 1, after last week’s plunge in oil prices to a five-year low.

C.H. Robinson Worldwide has agreed to purchase brokerage Freightquote.com for $365 million in cash to expand its market presence.

Crete Carrier Corp. and Shaffer Trucking have become the latest fleets to raise driver pay in response to growing demand.

Canada extended an order that requires the country’s two largest railways to ship a minimum amount of grain each week until March 28.

FedEx Freight won the latest round in union representation battles with the Teamsters, with the rejection of the union at the carrier’s Louisville, Kentucky, terminal.

Manufacturing in the U.S. expanded in November at a faster pace than projected, signaling the world’s largest economy is rising above a global slowdown.

Even after doling out discounts on electronics and clothes, retailers struggled to entice shoppers to Black Friday sales events, putting pressure on the industry as it heads into the final weeks of the holiday season.