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.

BusinessFuel

Diesel Drops 6.5¢, Most Since December

Retail diesel prices dropped for the ninth week in a row, and analysts said they could fall even more as the national average declined 6.5 cents to $3.781 a gallon last week, the Energy Department reported.

June 18, 2012
BusinessLogistics

Intermodal Traffic Rises 3.8% for Week

U.S. intermodal traffic rose 3.8% for the week ended Saturday from a year ago, the Association of American Railroads said.

June 15, 2012
GovernmentBusiness

Michigan, Canada to Build New Detroit Bridge

Michigan and Canada have agreed to build a second bridge linking Detroit and Windsor, Ontario, Bloomberg reported Friday.

June 15, 2012
Business

Industrial Production Declines in May

Industrial production dipped 0.1% in May in the second decline in three months, the Federal Reserve said Friday.

June 15, 2012
BusinessGovernmentLogistics

Consumer Confidence Drops in June

Consumer confidence dropped in June to the lowest level this year, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.

June 15, 2012
BusinessGovernment

New York Manufacturing Index Falls

Manufacturing activity in the New York region expanded in June at the slowest rate in seven months, the Federal Reserve Bank of New York said Friday.

June 15, 2012
BusinessGovernment

Arkansas Best to Acquire Panther Expedited

Arkansas Best Corp. on Thursday announced it will purchase Panther Expedited Services from a private equity firm for about $180 million.

June 14, 2012
Business

FedEx Completes Purchase of Polish Courier

FedEx Corp. said Thursday that its FedEx Express business unit has completed its acquisition of the Polish courier Opek Sp.z o.o. Terms were not released.

June 14, 2012
Business

Consumer Price Index Falls by Most in More Than 3 Years

The consumer price index fell 0.3% in May, the biggest decline since December 2008, the Labor Department said Thursday.

June 14, 2012
BusinessTechnology

Descartes to Acquire Integrated Export Systems

Logistics software provider Descartes Systems Group said it has signed an agreement to purchase Integrated Export Systems Ltd. for about $35 million in U.S. dollars.

June 14, 2012