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

Rush Acquires West Texas Peterbilt

Rush Enterprises said it has acquired West Texas Peterbilt, a dealership with five locations in Texas, for $25 million.

December 15, 2011
Business

FedEx’s 2Q Profit Jumps on Higher Deliveries

FedEx Corp.’s fiscal second-quarter profit nearly doubled, boosted by higher holiday-season sales, and the company said it will purchase 27 new jets for its FedEx Express service in the next few years.

December 15, 2011
Business

Senate Committee Advances Freight Policy Measure

A Senate panel approved measures that would create the nation’s first freight policy act, under which investment would be targeted to freight projects that increase economic competitiveness, improve mobility and promote energy conservation.

, December 15, 2011
Business, Equipment

Philadelphia Manufacturing Index Rises

Manufacturing activity in the Philadelphia region increased in December, the Federal Reserve Bank of Philadelphia said Thursday.

December 15, 2011
Business

Industrial Production Declines in November

Industrial production slipped 0.2% in November, the first decline in seven months, the Federal Reserve said Thursday.

December 15, 2011
Business

Producer Price Index Rises in November

Prices paid to U.S. producers rose 0.3% in November, led by a 1% increase in food expenses, the Labor Department said Thursday.

December 15, 2011
Business, Government

New York Manufacturing Index Jumps

Manufacturing activity in the New York region expanded in December to the highest level in seven months, the Federal Reserve Bank of New York said Thursday.

December 15, 2011
Business

Jobless Claims Drop to Three-Year Low

Initial jobless claims dropped by 19,000 last week to 366,000, the lowest level since May 2008, the Labor Department said Thursday.

December 15, 2011
Business, Logistics

Broker Complaints, Pressure on PHMSA Mount as Agency Delays Hazmat Data

The Pipeline and Hazardous Materials Safety Administration said it won’t make current hazardous materials motor carrier information available to the public until 2013, despite brokers’ complaints that its data are rife with errors and aren’t updated fast enough.

December 15, 2011
Business, Logistics

Parcel Carriers See Increased Business From Web-Based Holiday Season Shopping

For parcel carriers, the reported surge of online shopping has been a boon for their businesses, companies said.

December 15, 2011