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Descartes Systems Group said Thursday it acquired the logistics business of privately held Oceanwide Inc., in an all-cash transaction of about C$10.4 million ($8.4 million).

The U.S. Postal Service lost $384 million its first quarter, it said Wednesday.

The Department of Transportation has created a team to coordinate its role in President Obama’s economic recovery program, to ensure that funding is made available quickly for transportation infrastructure projects and that project spending is monitored and transparent.

Fourth-quarter U.S. worker productivity increased at a 3.2% annual rate, the Labor Department said Thursday.

Interstate Bakeries Corp. has emerged from bankruptcy after four years of operating under Chapter 11 protection, agreeing to a plan that gives financial control to New York investment firm Ripplewood Holdings and a group of the company’s lenders, news services reported.

The U.S. economy’s service sector contracted in January but at a lower rate than previously reported, the Institute for Supply Management said Tuesday.

Transportation software firm Xata Corp. said Wednesday it lost $716,000, or 8 cents a share, in its fiscal first quarter, compared with a loss of $1.1 million, or 14 cents, a year ago.

Senate Republicans Tuesday blocked a proposal to add billions of dollars of highway and mass transit funding to the economic stimulus bill continuing to shape, the Associated Press reported.