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

Canadian Official Aims to End Lockout of 48,000 Unionized Postal Workers

Canada Post, the federal postal operator, locked out more than 48,000 workers last week after 12 days of partial strikes, prompting the labor minister to announce plans to end the service disruption through legislation.

June 20, 2011
Business, Fuel

Diesel Fuel Price Rises After Five Consecutive Weekly Declines

Reversing five weeks of decline, the average price of a gallon of diesel rose 1.4 cents a gallon last week to $3.954, the Department of Energy reported.

June 20, 2011
Business, Logistics

Intermodal Traffic Gains 6.4% for Week

Intermodal traffic rose 6.4% last week from a year ago, the Association of American Railroads reported.

June 17, 2011
Business

ATA’s Abbott Named to FMCSA Safety Panel

Rob Abbott, American Trucking Associations’ vice president of safety policy, has been named to the Federal Motor Carrier Safety Administration’s motor carrier safety advisory committee, FMCSA said Friday.

June 17, 2011
Business

Leading Indicators Rebound in May

An index of leading economic indicators rebounded in May, climbing 0.8% after dropping for the first time in almost a year, the New York-based Conference Board said Friday.

June 17, 2011
Business, Logistics

Express-1 Gets $150 Million Buyout Offer

An investor announced plans this week to take control of Express-1 Expedited Solutions, in order to expand the brokerage and forwarding business.

June 17, 2011
Business, Logistics

Descartes Systems Buys Telargo for C$9.6 Million

Descartes Systems Group, a supplier of logistics technology, has acquired Telargo Inc. for about C$9.6 million in cash.

June 17, 2011
Business, Logistics

Geodis Wilson Buys One Source Logistics

Dutch freight forwarder Geodis Wilson has acquired U.S. logistics provider One Source Logistics to expand its U.S. presence.

June 17, 2011
Perspective, Business, Logistics

Opinion: Fight Fuel Prices With Side Skirts

The average price of a gallon of diesel fuel the week of June 6 was 18% higher than it was at the beginning of this year, according to the U.S. Energy Information Administration, and the June 6 price of that fuel in California was 20% higher.

June 17, 2011
Business, Fuel

Oil Holds Under $95 a Barrel

Oil rose 14 cents Thursday, holding under $95 a barrel a day after falling to the lowest closing price in almost four months, Bloomberg reported.

June 16, 2011