Business Inventories Rise 0.1%
Business inventories rose 0.1% in May, while sales jumped 1.1%, the most in three months, the Commerce Department reported.
July 16, 2013Omnitracs Debuts Enhanced Trailer-Tracking Features
Omnitracs Inc. said its trailer-tracking system now has the capability to display additional trailer information on its in-cab display system.
July 16, 2013Frozen Food Express to Be Acquired by Duff Brothers
Frozen Food Express Industries said Monday that has agreeed to be acquired by Duff Brothers Capital Corp. for $2.10 per share, in a deal valued at about $38.2 million.
July 15, 2013J.B. Hunt’s 2Q Income Improves
J.B. Hunt Transport Services said Monday its second-quarter profit rose from a year ago, as growth in its intermodal and dedicated contract services segments offset lower trucking revenue.
July 15, 2013XPO Logistics to Buy 3PD for $365 Million
XPO Logistics said Monday it has agreed to buy supply chain services company 3PD Inc. for about $365 million.
July 15, 2013Navistar Amends Board Agreement
Navistar International Corp. said Monday it has amended agreements with shareholders Carl Icahn and Mark Rachesky, allowing each to designate two nominees to its board of directors.
July 15, 2013Grand Jury Reportedly Investigating Pilot Flying J
A federal grand jury is investigating Pilot Flying J owner Jimmy Haslam for allegations of fuel rebate fraud, a Cleveland television station reported.
July 15, 2013Ryder Boosting Quarterly Dividend
Ryder System said it will boost its quarterly dividend by 3 cents, to 34 cents per share.
July 15, 2013Retail Sales Increase 0.4% in June
Retail sales rose 0.4% in June following a 0.5% rise in May, the Commerce Department reported Monday.
July 15, 2013New York Manufacturing Index Expands at Fastest Pace in Five Months
Manufacturing activity in the New York region expanded at the fastest pace in five months in July, the Federal Reserve Bank of New York said Monday.
July 15, 2013