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, Logistics

UPS to Acquire Italian Logistics Firm

UPS on Thursday announced an agreement to purchase Pieffe Group, an Italian pharmaceutical logistics company. Terms were not disclosed.

December 1, 2011
Business, Government

ISM Manufacturing Index Rises to Five-Month High

U.S. manufacturing activity jumped in November, showing continued expansion for a 28th consecutive month, the Institute for Supply Management said Thursday.

December 1, 2011
Business

Construction Spending Rises in October

Construction spending rose 0.8% in October, the third straight monthly increase, the Commerce Department said Thursday.

December 1, 2011
Business

Jobless Claims Rise for Week

Initial jobless claims increased by 6,000 last week to 402,000, the Labor Department said Thursday.

December 1, 2011
Business, Logistics

Radiant Logistics Buys Isla International

Third-party logistics provider Radiant Logistics will acquire Isla International, a company that specializes in shipments between the United States and Mexico, for $15 million.

December 1, 2011
Business, Logistics

GE Opens Energy Logistics Center

General Electric Co. opened a new logistics center in Olive Branch, Miss., to distribute replacement wind turbine parts and solar technology components to customers in North and South America.

December 1, 2011
Business, Logistics

Shippers See Opportunities, Limitations In Assessing Intermodal’s Potential

ATLANTA — Intermodal transportation is brimming with opportunities, suffering from routing limitations or possibly a mixture of both, industry officials said here.

December 1, 2011
Business, Fuel

Oil Closes Over $100 as Stock Markets Soar

Oil closed over $100 a barrel Wednesday for just the second time since June on an improved economic picture and soaring stock markets, Bloomberg reported.

December 1, 2011
Business

Hino Trucks Signs Transmission Pact With Allison

Hino Trucks has signed a multi-year contract that makes Allison Transmission the exclusive supplier of transmissions for all Hino conventional trucks in the United States.

November 30, 2011
Business

Groups Argue Merits of Revised HOS Rule Before House Panel

WASHINGTON — A proposed hours-of-service rule that would cut truck drivers’ hours would be very costly and exacerbate a shortage of truck drivers, while putting more trucks on the road, a panel of trucking and logistics executives told a House panel Wednesday.

November 30, 2011