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Descartes Buys Oceanwide’s Logistics Business

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).

February 6, 2009

APU Maker RigMaster Ceases Operations

RigMaster Power Corp., a Canadian manufacturer of auxiliary power units, has ceased all operations, according to a voice message on its telephone.

February 9, 2009

Manufacturers Tout Their Choices for 2010

Starting in 2010, fleets buying new trucks will have to decide between two very different engine systems, and manufacturers already are warning that selecting the competing platform will leave the owner with an inferior product.

February 9, 2009

States Eye More Toll Roads

In a whirl of activity that is expected to accelerate in coming years, states are making toll roads a permanent part of the nation’s highway system and eyeing toll dollars as a way to plug gaping budget deficits.

February 9, 2009

Express-1 Acquires 3PL First Class Expediting

Express-1 Inc., parent company of Express-1 Expedited Solutions, acquired First Class Expediting Services in a deal that may become a template for future acquisitions, Express-1’s chief financial officer said.

February 3, 2009

ArvinMeritor Reports Fiscal 1Q Loss

Truck components maker ArvinMeritor said Wednesday its fiscal first-quarter loss from continuing operations was $991 million, or $13.71 per share, compared with a loss of $1 million, or 1 cent, a year ago.

February 4, 2009

Ryder’s Fourth-Quarter Income Declines

Ryder System said Wednesday its fourth-quarter profit fell to $10.6 million, or 19 cents a share, from $71.9 million, or $1.24, a year ago.

February 4, 2009

Cummins’ 4Q, Full-Year Profit Declines

Diesel engine maker Cummins Inc. said Tuesday its fourth-quarter profit fell 55% from a year ago, due to declining demand.

February 3, 2009

Paccar Offers Aftermarket Particulate Filter

Paccar Inc.’s parts dealers are offering the company’s Engine Control Systems Purifilter, an aftermarket passively regenerating diesel particulate filter approved by the California Air Resources Board for installation and use in a wide variety of Class 8 trucks.

February 2, 2009

Storm System Leaves Icy Roads in Many States

A large storm system stretching from Arkansas into the Northeast has left roads with as much as three inches of ice in many areas, the Associated Press reported Wednesday.

January 28, 2009