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Kuehne + Nagel, a Switzerland-based global transportation and logistics company, acquired a majority stake in marine drayage provider IMC Logistics, it announced Nov. 14.

Diesel prices across the U.S. averaged $3.521 per gallon for the week ending Nov. 11, a 1.5-cent decline from the previous week, according to the U.S. Energy Information Administration.

Diesel prices across the U.S. averaged $3.536 per gallon, marking a 3.7-cent decline, according to U.S. Energy Information Administration data released Nov. 4.

The Omaha, Neb.-based carrier’s Q3 net income fell 72% to $6.6 million, or 11 cents per share, compared with $23.7 million, 37 cents, a year ago.

XPO’s North American LTL segment, its core operation, increased revenue by 1.9% to $1.25 billion from $1.23 billion last year despite declines in shipment volumes.

The company reported third-quarter net income of $13 million, or 94 cents per share, compared with $13.5 million, 99 cents, in the year-ago period.

The U.S. average diesel price edged up 2 cents, reaching $3.573 per gallon, according to U.S. Energy Information Administration data released Oct. 28.

United Rentals Inc. set a quarterly revenue record in Q3 on surging demand in its specialty rentals segment, but the company faced margin pressure on bottom-line results.

Third-party logistics specialist Total Distribution Inc. is adding 10 facilities across West Virginia and Georgia through the acquisition of REO Processing & REO Logistics, it said in a release.

The venture aims to develop a centralized operating system that could accelerate industry innovation by separating software from hardware development cycles.