XPO Completes Pacer Acquisition
XPO Logistics Inc. said it completed the acquisition of Pacer International Inc., an intermodal and logistics management company, for $335 million in cash and stock.
April 1, 2014Diesel Declines 1.3¢ to $3.975 a Gallon
Diesel fell for a third straight week, declining 1.3 cents to $3.975 per gallon, the Department of Energy reported March 31.
April 1, 2014Clean Energy Opens Two LNG Highway Stations
Clean Energy Fuels Corp. said it has begun fueling UPS Inc.’s liquefied natural gas heavy-duty truck fleet at its America’s Natural Gas Highway stations in Amarillo, Texas, and Oklahoma City.
April 1, 2014Caterpillar Avoided $2.4 Billion Tax With Swiss Subsidiary, Senate Probe Finds
Caterpillar Inc. avoided paying $2.4 billion in U.S. taxes by shifting profits from a parts business to a subsidiary in Switzerland, according to a report released by a Senate investigative committee.
April 1, 2014Descartes System Acquires Computer Management
Descartes Systems Group said it has acquired Computer Management USA, which provides security information filing services, for $6.6 million to broaden the buyer’s offerings.
April 1, 2014Construction Spending Rises Little in February
Construction spending rose 0.1% in February, the Commerce Department reported April 1.
April 1, 2014Manufacturing Index Rises in March
The Institute for Supply Management’s index increased to 53.7 in March from 53.2 a month earlier, the Tempe, Ariz.-based group reported April 1. Readings above 50 indicate growth.
April 1, 2014FedEx Lawsuit Over Untaxed Cigarettes Joined by New York State
New York State joined a federal racketeering lawsuit filed by New York City contending FedEx Corp. wrongly delivered more than 140 tons of untaxed cigarettes ordered over the Internet or by mail.
March 31, 2014Unpaid Tolls Rise on No-Cash New York City Bridge
The amount of uncollected tolls on the Henry Hudson Bridge in New York City skyrocketed after it moved to an all- E-ZPass system, the Associated Press reported.
March 31, 2014Chicago Manufacturing Activity Expands at Slower Pace in March
Manufacturing activity in the Chicago area expanded at a slower rate in March, the Institute for Supply Management-Chicago said March. 31.
March 31, 2014