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

Industrial Production Declines 0.1%

Industrial production declined 0.1% in February, led by a downturn in utility output, the Federal Reserve said Thursday.

March 17, 2011
Business

FedEx’s 3Q Profit Dips 3% to $231 Million

FedEx Corp. said Thursday its fiscal third-quarter net income slipped 3% to $231 million, or 73 cents a share, from $239 million, or 76 cents, a year earlier.

March 17, 2011
Business

Jobless Claims Decline for Week

Initial jobless claims dropped by 16,000 last week, the third decrease in four weeks, the Labor Department reported Thursday.

March 17, 2011
Business, Government

Consumer Price Index Grows 0.5%

The consumer price index increased 0.5% in Febuary, the Labor Department said Thursday.

March 17, 2011
Business

Volvo’s North American Deliveries Rise 65%

Volvo AB’s North American truck deliveries rose 65% in February from a year ago, the company said Wednesday.

March 16, 2011
Business

Rush Buys Atlanta Truck Dealership

Truck dealership Rush Enterprises said it has acquired an Atlanta area truck and bus dealership. Terms were not disclosed.

March 16, 2011
Business, Fuel

Oil Rises Following Inventory Report

Oil rose modestly from a two-week low but remained under $100 a barrel Wednesday following a report that showed crude inventories rose last week.

March 16, 2011
Business

CalArk CEO Gorman Wins Women in Trucking Award

Rochelle Gorman, CEO of CalArk International, received the first Influential Woman in Trucking award this week at the Truckload Carriers Association meeting in San Diego.

March 16, 2011
Business

Housing Starts Drop 22.5% in February

Housing starts saw their largest drop since March 1984 in January, the Commerce Department said Wednesday.

March 16, 2011
Business

Producer Price Index Rises 1.6%

Prices paid to U.S. producers rose 1.6% in February, the Labor Department said Wednesday.

March 16, 2011