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

Unemployment Rate Rises to 8.2%; Trucking Gains Jobs

The U.S. unemployment rate rose to 8.2% in May from April’s three-year-low 8.1%, but trucking and transportation employment improved, the Labor Department said Friday.

June 1, 2012
Business

Construction Spending Rises 0.3%

Construction spending rose in April for a second straight month, the Commerce Department said Friday.

June 1, 2012
Business

ISM Manufacturing Index Slips in May

U.S. manufacturing activity slowed in May but showed continued expansion, the Institute for Supply Management said Friday.

June 1, 2012
Business

O&S Trucking Files for Bankruptcy

O&S Trucking, Springfield, Mo., has filed for Chapter 11 bankruptcy protection, the Springfield News-Leader reported Thursday.

June 1, 2012
Business

Personal Spending Rises in April

Consumer personal spending rose 0.3% in April as incomes increased, the Commerce Department said Friday.

June 1, 2012
Business

ATA Tells Congress Security Efforts Must Be Risk-Based

Efforts to protect the nation’s transportation system from terrorist attack should promote information sharing between the public and private sectors and focus on areas most at risk, a trucking executive told a Congressional panel.

June 1, 2012
BusinessLogistics

Radiant Logistics Opens Center in Charlotte

Radiant Logistics Inc. has opened a new location in Charlotte, N.C., for its Distribution by Air network.

June 1, 2012
BusinessFuel

Oil Falls to 10-Month Low Under $87 a Barrel

Oil fell below $87 a barrel Thursday, capping its biggest monthly decline in more than three years following a Department of Energy report that showed crude supplies rose to a 22-year high, Bloomberg reported.

May 31, 2012
Business

Senator Asks DOT to Create Freight Initiative

Sen. Maria Cantwell (D-Wash.) has asked Transportation Secretary Ray LaHood to create a multimodal freight initiative within the Department of Transportation.

May 31, 2012
BusinessSafetyGovernmentLogisticsAutonomous

Trimac to Acquire Ontario Bulk Carrier

Canadian bulk trucking company Trimac Transportation said it will acquire Ontario-based specialized bulk carrier Liquid Cargo Lines.

May 31, 2012