Business

Telogis recently launched new software products designed to help fleets better plan their operations and respond quickly to changing conditions, whether it be hours-of-service constraints or traffic and weather patterns.

The average price of U.S. diesel dropped 1.2 cents to $3.623 and gasoline fell below $3 a gallon, the Department of Energy reported Nov. 3, as oil slid below $80 a barrel for the first time in more than two years.

Expeditors International of Washington Inc. said third-quarter net income rose 11% to $102.4 million, or 53 cents per share, from $92.4 million, or 45 cents, as demand and pricing improved for air and ocean freight.

Ritchie Bros. Auctioneers reported third-quarter net income declined from a year ago on higher expenses, as gross auction proceeds rose 12%.

Transportation technology supplier Trimble Navigation Ltd. said third-quarter earnings fell from a year ago, due in large part to a legal judgment against the company and weaker-than-expected sales of its agricultural products.

Sysco Corp said its acquisition of rival food distributor US Foods, based in Rosemont, Illinois, isn’t likely to be completed until early next year as federal officials continue to scrutinize the deal for potential anticompetitive implications.

Forward Air Corp. said subsidiary Central States Trucking Co. acquired the assets of Multi-Modal Trucking Inc. and Multi-Modal Services Inc. for $5.75 million.

Factory orders dropped 0.6% in September after a 10% decline the prior month, the Commerce Department reported Nov. 4.

The trade deficit in the U.S. widened in September as exports cooled from a record, highlighting how weakening global growth will affect the world’s largest economy.