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

GM Reports Profit for Quarter, Year

General Motors Co. reported a profit Thursday of $510 million for the fourth quarter and a full-year profit of $4.7 billion for 2010, the first profitable year for the company since 2004.

February 24, 2011
Business

Mullen Group Profit Jumps in 4Q

Canadian transportation firm Mullen Group Thursday posted a fourth-quarter profit of C$33.2 million, or 42 cents per share, compared with C$11.1 million, or 14 cents, a year before.

February 24, 2011
Business

Frozen Food Express CEO to Retire

Stoney “Mit” Stubbs Jr., CEO of Frozen Food Express Industries, will retire Monday, the company said.

February 24, 2011
Business

New ϳԹ Sales Drop 13% in January

New home sales decreased 13% in January, the Commerce Department said Thursday.

February 24, 2011
Business

Jobless Claims Drop for Week

Initial jobless claims decreased 22,000 last week, the Labor Department said Thursday.

February 24, 2011
Business

Durable Goods Orders Grow in January

Durable goods orders rose 2.7% in January, the Commerce Department said Thursday.

February 24, 2011
Business

Navistar Enters Engine Deal with EcoMotors

Navistar International Corp. has reached a development agreement with EcoMotors International to help commercialize the engine maker’s “opposed-piston, opposed-cylinder” engine technology.

February 24, 2011
Perspective, Business, Safety, Autonomous

Opinion: ‘Black Box’ Retrieval Policies

Loss of event data recorder — or “black box” — information is one of the biggest problems in trucking accident litigation. While the market for EDR monitoring software has exploded in recent years, accident experts and attorneys are finding that much of this technology is incorrectly downloaded, analyzed and stored, creating legal and financial risks that can threaten the very existence of the company that makes use of it.

February 24, 2011
Business, Safety, Autonomous

January Truck Tonnage Hits 3-Year High

Truck tonnage grew 8% in January from a year ago to its highest level in three years, American Trucking Associations said Wednesday.

February 23, 2011
Business, Fuel

Oil Hits $100 a Barrel

Crude oil hit $100 per barrel Wednesday in trading on the New York Mercantile Exchange, Bloomberg reported.

February 23, 2011