Business

Third-party logistics provider Hub Group said late Monday it earned $13.5 million or 34 cents a share in the fourth quarter, up from $10.1 million or 25 cents a share for the same quarter a year earlier.

Ryder System said Monday its board approved a 3-cent increase in its dividend, boosting the payout to 21 cents a share.

Private-equity firm Fenway Partners said Monday it has partnered with the current owners of refrigerated-unit carrier Gemini Traffic Sales to acquire a majority interest in the truckload and less-than-truckload carrier.

Volvo AB has no plans to pursue a takeover of German truck maker MAN AG, as it would not get European Union regulatory approval to do so, Bloomberg reported Monday.

Average U.S. retail gasoline prices rose 4 cents over the past three weeks to $2.22 a gallon, according to the latest Lundberg survey of gasoline prices released Sunday.

SAN ANTONIO — Truck-stop industry officials meeting here said their main focus this year would be preparing for the expected increase in biodiesel use.

UniGroup Chooses TMW for Cellphone Communications • Corning Sees Growth in Diesel-Filters Unit • Xata’s First-Quarter Loss Narrows • Intermec Postpones 4Q Earnings Release

TAMPA, Fla. — Trucking executives are not doing enough to attract talented, younger technicians to the increasingly complex field of truck maintenance, said Darry Stuart, incoming chairman of the Technology & Maintenance Council.

TAMPA, Fla. — A Technology & Maintenance Council task force said several provisions of the proposed federal requirement for electronic onboard recorders need clarification, and the rule’s required data-display equipment could be a costly and ineffective expense for trucking companies.

Several groups representing truckers and motorists said Friday they have banded together to combat a growing trend toward the privatization or leasing of existing toll facilities to private investors.