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.

GovernmentBusiness

Leading Economic Indicators Rise Again

An index of leading economic indicators rose in November, the New York-based Conference Board said Thursday.

December 22, 2011
Business

Consumer Confidence Hits Six-Month High

Consumer confidence rose this month to a six-month high, according to the Thomson Reuters/University of Michigan consumer sentiment index released Thursday.

December 22, 2011
Business

Jobless Claims Fall to Lowest in More than Three Years

Initial jobless claims fell last week to the lowest level since April 2008, the Labor Department said Thursday.

December 22, 2011
BusinessSafety

DOT Won’t Back Total Cellphone Ban

The Department of Transportation will not back a proposal to prohibit drivers from talking on cellphones, including hands-free devices, the Wall Street Journal reported Thursday.

December 22, 2011
Business

November Truck Tonnage Rises 6% in Biggest Gain Since June

Truck tonnage rose 6% in November from a year ago, the biggest increase since June, American Trucking Associations said Wednesday.

December 21, 2011
Business

Existing ºÚÁϳԹÏÍø Sales Rise in November; Purchases Since 2007 Revised Down

Existing home sales rose 4% in November to an annual rate of 4.42 million homes, but sales figures since 2007 were revised down, the National Association of Realtors said Wednesday.

December 21, 2011
BusinessLogistics

North East Expedite Logistics Acquired by Action Products

Holding company Action Products International on Wednesday announced its acquisition of North East Expedite Logistics, a provider of transportation and logistics services on the East Coast.

December 21, 2011
BusinessFuel

Oil Rises for Third Day as Crude, Diesel Inventories Decline

Oil rose for a third day Wednesday as a Department of Energy report showed crude inventories plunged last week, Bloomberg reported.

December 21, 2011
Business

Navistar’s 4Q Income Jumps

Navistar International Corp.’s fourth-quarter net income jumped to $275 million, from $56 million a year ago on higher truck, engine and military sales, the company said Tuesday.

December 20, 2011
Business

Snowstorm Closes Highways in Southwest and Great Plains

A heavy snowstorm that has closed highways in five states continued to move across the Southwest and Great Plains on Tuesday, the Associated Press reported.

December 20, 2011