Trucking Business News

About Business News...

Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.

Business

Icahn Bids on Oshkosh; Sees No Navistar Merger

Carl Icahn formally launched a $2.88 billion tender offer to buy any and all shares of specialized equipment manufacturer Oshkosh Corp. beyond the nearly 10% that he and his affiliates already own, but said he does not envision combining it with Navistar International Corp.

October 22, 2012
BusinessFuel

Electronic Funds Buys T-Chek for $302.5 Mln. in Fourth Deal for Fuel Card Sector This Year

C.H. Robinson Worldwide Inc. last week sold its T-Chek fuel payment card unit to Electronic Funds Source LLC for $302.5 million.

October 22, 2012
BusinessFuel

Diesel Hits Four-Year High

The retail diesel average price hit its highest level in more than four years last week, rising 5.6 cents to $4.15 a gallon, the Department of Energy reported.

October 22, 2012
Business

FMCSA Posts Penalties for Movers Holding Goods Hostage

Household movers that hold shipments hostage face penalties of $10,000 per violation under new penalties posted by the Federal Motor Carrier Safety Administration.

October 19, 2012
BusinessLogistics

Kansas City Southerns 3Q Income Falls

Kansas City Southerns third-quarter income fell to $91 million, or 83 cents a share, from $100 million, or 91 cents, a year ago.

October 19, 2012
BusinessSafety

Intermodal Traffic Gains 2.6% for Week

U.S. intermodal traffic rose 2.6% last week over the same week a year ago, the Association of American Railroads reported.

October 19, 2012
BusinessLogistics

Forward Airs Income Slips; Revenue Rises

Forward Air Corp. said its third-quarter net income slipped from a year ago, while revenue improved.

October 19, 2012
BusinessLogistics

Union Pacifics 3Q Income Rises, CSXs Slips

Two of the largest U.S. freight railroads reported third-quarter results, with intermodal revenue rising at both companies.

October 18, 2012
GovernmentBusiness

Leading Economic Indicators Post Biggest Gain in Seven Months

An index of leading economic indicators rose 0.6% in September, the most in seven months, the New York-based Conference Board said Thursday.

October 18, 2012
BusinessEquipment

Philadelphia Manufacturing Index Rises

Manufacturing activity in the Philadelphia region expanded in October, the Federal Reserve Bank of Philadelphia said Thursday.

October 18, 2012