°®¶¹´«Ã½

WASHINGTON — The fast-paced recovery most had hoped for hasn’t materialized and economists believe the country will suffer slow growth for three years, according to a report on logistics from the Council of Supply Chain Management Professionals.

A&S Services Group said Monday it has acquired Kinard Trucking and its affiliates. Terms were not disclosed.

UTi Worldwide’s fiscal first-quarter net income rose to $12.9 million, or 12 cents a share, from $8.7 million, or 8 cents, a year earlier.

Stephen Day was named CEO of American Fast Freight Inc., the logistics firm said.

Dennis Schneider was named president of Transervice Logistics Inc., succeeding Edward Flannigan.

Echo Global Logistics said it acquired Plum Logistics LLC, a refrigerated truckload carrier and transportation brokerage company based in Wakefield, Mass. Terms were not disclosed.

When shippers search for the right carrier to transport their goods, price is often just one of their considerations, according to industry experts and trucking executives.

Radiant Logistics Inc. has opened a new location in Charlotte, N.C., for its Distribution by Air network.

FedEx Corp. said it has signed an agreement to acquire Brazilian transportation and logistics company Rapidão Cometa Logística e Transportes S.A. to boost its Latin American business.

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.