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

Michigan Senate Kills Legislation Enabling New Detroit Bridge

A bill that would have enabled construction of a new, publicly owned bridge between Detroit and Windsor, Ontario, has died in the Michigan legislature.

December 13, 2010
Business

SeaBridge Temporarily Halts Operations

December 13, 2010
Business, Fuel

Diesel Rises 3.5¢ to $3.197

U.S. retail fuel prices jumped last week, reversing declines over the past two weeks, as the average cost of a gallon of diesel rose 3.5 cents to reach $3.197, the U.S. Department of Energy reported.

December 13, 2010
Business

Dynamex Receives Higher Buyout Bid

Dynamex Inc., Dallas, said it had received a new offer of $25 a share from a potential buyer that exceeds the acquisition proposal from an affiliate of Greenbriar Equity Group LLC.

December 10, 2010
Business

Consumer Confidence Hits Six-Month High

Consumer confidence rose to a six-month high this month, according to the preliminary monthly Thomson Reuters/University of Michigan consumer sentiment index released Friday.

December 10, 2010
Business

UTi Worldwide’s 3Q Profit Rises

Air and freight forwarder UTi Worldwide’s fiscal third-quarter net income jumped to $26.4 million, or 26 cents a share, from $18 million, or 18 cents, a year earlier.

December 10, 2010
Business, Logistics

Intermodal Traffic Gains 13.8% for Week

Intermodal traffic rose 13.8% last week from a year ago, the Association of American Railroads said.

December 10, 2010
Business

Import Prices Rise by Most in a Year

The price of goods imported to the United States jumped by 1.3% in November, the highest this year, the Labor Department said Friday.

December 10, 2010
Business, Fuel, Government

U.S. Trade Deficit Drops 13% in October

The U.S. trade deficit declined 13% in October as a weaker dollar boosted U.S. exports, the Commerce Department said Friday.

December 10, 2010
Business

Opinion: Collaborative Distribution

I believe there is no looming capacity shortage and there are plenty of truck drivers, even after we lose more than 200,000 drivers through CSA, as some experts predict.

December 10, 2010