Logistics

Canadian transportation and logistics firm TransForce Income Fund said it had signed a definitive agreement to buy Century II Holdings, which owns courier company Information Communication Services.

The national average price of diesel fuel hit its highest level in more than a year last week following a 3.1-cent increase to $2.924 a gallon, while crude oil closed at more than $80 a barrel for the first time.

Schneider National unit Schneider Logistics (Tianjin) Co. said Monday it has purchased the operating assets of Chinese firm BaoYun Logistics.

Con-way Inc.’s logistics unit Menlo Worldwide said Sunday it signed an agreement to purchase the privately held parent company of a Chinese logistics firm for $60 million.

As the volume of world trade continues to grow, shippers and third-party logistics companies are looking for ways to better manage the flow of goods coming into and out of the United States.

Canadian Pacific Railway said it has reached an agreement to acquire Dakota, Minnesota & Eastern Railroad Corp. for $1.48 billion.

MINNEAPOLIS — Alphonso Lewis, a city driver for Roadway Express in Montgomery, Ala., was named grand champion at the National Truck Driving Championships, the first African American to earn the honor.

Manufacturing activity in the Chicago region saw a modest gain in August, the National Association of Purchasing Management said Friday.