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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).

Companies are considering moving their manufacturing away from foreign countries as off-shore manufacturing costs increase, a survey released Monday said.

Logistics firm Expeditors International of Washington said its fourth-quarter net income rose 11% to $77.7 million, or 36 cents a share, from $70.1 million, or 32 cents, a year ago.

FedEx Express said Monday it has begun operations at its new Asia Pacific hub in Guangzhou, China, the company’s largest hub outside of the United States.

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

Kansas City Southern said its fourth-quarter profit fell 27% to $36.4 million, or 40 cents a share, from $49.9 million, or 56 cents, a year ago.

Vitran Logistics has opened a distribution center in Ontario, Calif., in order to serve Sam’s Club, the company said.

Carrier Logistics Inc., a software provider focused on less-than-truckload carriers and logistics companies, said that it rolled out a Web-based, pay-as-you-go version of its FACTS freight management software.

Manufacturing activity in the Chicago region contracted in January for a fourth straight month, the National Association of Purchasing Management said Wednesday.