Trucking Business News

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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

Navistar Spokesman Roy Wiley Retires

Navistar International Corp. spokesman Roy Wiley has concluded a 13-year run with the Warrenville, Ill., truck and engine maker and an overall career of 59 years in newspaper journalism and public relations, retiring June 30.

July 4, 2011
BusinessTechnology

LightSquared Says Network Won’t Jam GPS

Despite LightSquared Subsidiary LLC promising major changes to its nascent broadband network, truckers and technology companies said they are not convinced the revamped system won’t jam Global Positioning System devices critical to freight operations.

July 4, 2011
BusinessFuel

Diesel Fuel Price Falls 6.2¢ to $3.888 a Gallon

The average price of a gallon of retail diesel in the United States declined 6.2 cents to $3.888 last week, the Department of Energy reported.

July 4, 2011
Business

TTNews.com Closed Monday for July 4th Holiday

Transport Topics Online will be closed Monday, July 4, for the Independence Day holiday. Please check back on Tuesday, July 5, for the latest trucking and freight transportation news.

July 1, 2011
Business

UPS Freight Sets 6.9% Rate Increase

UPS Freight said Friday it was raising rates by an average 6.9%, effective Aug. 1.

July 1, 2011
Business

Minnesota Shutdown Closes State Rest Areas

The Minnesota state government shut down Friday morning, closing state highway rest areas and halting construction projects, the St. Paul Pioneer Press reported.

July 1, 2011
Business

Construction Spending Dips 0.6% in May

Construction spending declined 0.6% in May, the sixth straight monthly decrease, the Commerce Department said Friday.

July 1, 2011
BusinessGovernmentLogistics

Consumer Confidence Drops in June

Consumer confidence fell in June, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.

July 1, 2011
Business

South Carolina Ports Approve Budget

The board of directors at the South Carolina State Ports Authority has approved a fiscal 2012 budget that includes more than $80 million in capital projects, and projects a 6.6% rise in container traffic for the fiscal year beginning Friday, July 1

July 1, 2011
BusinessLogistics

Intermodal Traffic Rises 3.3% for Week

Intermodal traffic rose 3.3% last week from a year ago, the Association of American Railroads reported.

July 1, 2011