Logistics

Private Equity firm Fenway Partners, New York, N.Y., said Monday it acquired Canadian transportation firm Consolidated Fastfrate.

Union Pacific, the largest U.S. freight railroad, announced it is increasing the quarterly dividend it pays to investors.

Logistics firm Hub Group, Downer’s Grove, Ill., said Thursday it has authorized a $75 million stock buyback.

Canadian technology firm AirIq Inc., which provides wireless location services to the trucking industry, said it lost C$3.4 million, or 2 Canadian cents per share, in the third quarter, compared with a loss of C$1.2 million, or 1 Canadian cent, a year earlier.

Logistics firm US 1 Industries’ third-quarter income rose to $789,060 or 6 cents a share, from $706,327 or 6 cents a year ago.

The fuel price spiral has resumed, sending diesel and crude oil costs to never-before-seen levels, even as the economy stumbles along and fleets grapple with declining freight levels in 10 of the past 12 months.

Canadian transportation firm Mullen Group Income Fund’s third-quarter profit rose to C$38 million or 45 cents a share, from C$32.1 million or 45 cents a year earlier.

Transportation and logistics firm Pacer International said Wednesday that its president, Tom Shurstad, is leaving the company and that its retired chief executive officer, Don Orris, will become president of its intermodal segment.

Retail diesel prices continued to climb last week, with the national average jumping 6.3 cents to $3.157 a gallon, matching the record set two years ago, according to the Department of Energy.