Omnitracs announced it had agreed to acquire XRS Corp., Minneapolis, in a deal valued at $178 million. Approved unanimously by XRS’ board of directors, the deal is expected to be finalized by the fourth quarter of this year.
TransForce CEO Alain Bédard said the Montreal-based company will spin-off the truckload business, possibly in 2015, followed by the waste division, which includes landfills, possibly a couple years later.
ATRI is looking for carrier input through its latest survey on detention time and the impact it has on industry safety and productivity,
Transportation and logistics provider USA Truck Inc. has announced earnings for the third quarter of the year showing its most profitable quarter in eight years and its second straight quarterly profit.
Economic activity in the manufacturing sector expanded in October for the 17th consecutive month, its highest level since March 2011, according to nation’s supply executives.