Descartes acquires Australian firm Localz

Canadian logistics IT firm Descartes Systems Group (TSX:DSG) said late Thursday it has acquired Localz, an Australian firm that provides a platform that engages with customers on the day they are having their goods delivered, for US$6.2 million in cash. The Localz platform, which Descartes says offers “advanced customer engagement,” allows end customers to schedule…

Paccar takes $600M pretax charge related to European price fixing

Paccar Inc. will take a $600 million pretax charge — $446 million after taxes — against first-quarter earnings due to settlements related to a European price-fixing case in 2016. The Bellevue, Washington-based truck manufacturer in 2016 set aside $945 million related to   the European Commission’s investigation of major European commercial vehicle manufacturers. It eventually…