Caterpillar Inc. has agreed to sell a majority interest in its third-party logistics business to privately held Platinum Equity for about $750 million, while retaining its in-house international network to support its dealers and customers.

XPO Logistics Inc. said Tuesday it moved its corporate headquarters to Greenwich, Conn., from Buchanan, Mich.

There was some interesting advice offered by two of our industry’s best-known economists last week to fleet executives who were attending the National Tank Truck Carriers annual conference in San Francisco.

Accelerating domestic demand pushed up first-quarter rail/truck shipments by 5.8% to 3.48 million, setting a record for the first three months of any year, the Intermodal Association of North America reported.

XPO Logistics reported a first-quarter loss and announced its first acquisition, saying it will buy brokerage firm Continental Freight Services for $3.4 million.

Heavy-equipment maker Caterpillar Inc. said it is selling a majority stake in its third-party logistics business to Platinum Equity for $750 million.