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

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
BusinessLogistics

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
BusinessLogistics

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
BusinessLogistics

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
PerspectiveBusinessLogistics

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
BusinessFuel

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
BusinessLogistics

Vigillo Creates New Division

Vigillo LLC, which offers reports CSA scorecards to truckers, brokers and shippers, said it has created a new data mining software division called IQLab to meet demand for custom reporting and analytics.

June 16, 2011
BusinessEquipment

Philadelphia Manufacturing Index Falls Sharply

Manufacturing activity in the Philadelphia region slowed dramatically in June, the Federal Reserve Bank of Philadelphia said Thursday.

June 16, 2011
Business

Housing Starts Jump 3.5% in May

Housing starts rose 3.5% in May, the Commerce Department said Thursday.

June 16, 2011
Business

Jobless Claims Drop by 16,000

Initial jobless declined by 16,000 to 414,000 last week, the Labor Department said Thursday.

June 16, 2011