Logistics

The national average price of diesel pushed past a record level for the third time in four weeks, rising 3.4 cents a gallon to $3.444, the Department of Energy reported.

Teamsters union  leaders and representatives of Trucking Management Inc. said that National Master Freight Agreement talks were going well, two days after both sides exchanged contract proposals in Washington.

The Canadian Trucking Alliance said it is asking all the major North American heavy truck manufacturers to make anti-rollover technology standard equipment in their new vehicle packages.

Canadian transportation firm TransForce Income Fund said it will acquire Thibodeau Group of Companies, a less-than-truckload and truckload carrier based in Quebec.

John Ficker, president of the National Industrial Transportation League, will step down at the end of November, NITL said Monday.

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.