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.

BusinessLogistics

Intermodal Traffic Rises 3.7% for Week

U.S. intermodal traffic rose 3.7% for the week ended Saturday from a year ago, the Association of American Railroads reported.

December 2, 2011
Business

November Automobile Sales Increase

Chrysler Group LLC and Nissan Motor Co. led automakers in U.S. November sales gains as the industry headed for its best sales pace this year, Bloomberg reported.

December 2, 2011
BusinessLogistics

Ryder Expands Reverse-Logistics Capability

Ryder System has expanded its reverse-logistics business to include processing returns in the same facilities from which it forwards outbound shipments.

December 2, 2011
Business

YRC Shareholders Approve Reverse Stock Split

YRC Worldwide’s shareholders approved a reverse split that would boost its per-share price by rolling each 300 shares held into one share.

December 1, 2011
BusinessLogistics

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
BusinessGovernment

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
BusinessLogistics

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
BusinessLogistics

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