Radiant Logistics Inc. announced the sale of $20 million worth of preferred stock, with the intent of paying off a balance owed for senior subordinated notes.

XPO Logistics Inc. said it has agreed to purchase NLM, a Web-based freight auction site, from Landstar System Inc. for $87 million in cash.

U.S. diesel prices dipped 0.4 cent to a national average of $3.879 a gallon, ending two weeks of increases that were the fuel’s only upturns in the past three months, the Department of Energy reported Dec. 9.

XPO Logistics Inc. said Dec. 11 it has agreed to purchase NLM, a web-based expediter, from Landstar System for $87 million in cash.

Consumer confidence rose to the highest level in five months, according to the Thomson Reuters/University of Michigan consumer sentiment index released Dec. 6.

Trailer orders climbed 5.7% in October to 24,910, the highest level so far in 2013, as fleets kept to their pattern of boosting acquisitions in the fall, ACT Research reported.

Major U.S. trucking companies are now widely using social media, but not as much as other business-to-business firms, according to a new study by trucking technology supplier Carrier Logistics Inc.