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.

Government, Business

Mica to Lead House Transportation Committee

As expected, Florida Republican John Mica will head the House Transportation and Infrastructure Committee when the new Congress convenes in January.

December 9, 2010
Business

Wholesale Inventories Increase 1.9%

Wholesale inventories rose 1.9% in October, the Commerce Department said Thursday.

December 9, 2010
Business

Supervalu Selling Logistics Unit to Ryder

Grocery store chain Supervalu Inc. said it is selling its Total Logistic Control subsidiary to Ryder System.

December 9, 2010
Business

Jobless Claims Fall 17,000 for Week

Initial jobless claims fell by 17,000 last week, the Labor Department said Thursday.

December 9, 2010
Business, Fuel

Oil Slips After Topping $90 a Barrel

Oil declined Wednesday a day after topping $90 a barrel, following a Department of Energy report that showed higher gasoline and diesel inventories, Bloomberg reported.

December 8, 2010
Business

DOT Freight Transportation Index Rises 3.2%

The Department of Transportation’s freight transportation services index rose 3.2% in October from a year earlier, the eighth straight year-over-year gain.

December 8, 2010
Business

Volvo CEO to Resign Next Summer

Volvo AB CEO Leif Johansson will resign from his position next summer, Bloomberg reported Wednesday.

December 8, 2010
Business

Paccar Declares Special Dividend

Paccar Inc. said Tuesday it has declared a special cash dividend of 30 cents per share.

December 7, 2010
Government, Business

NTTC Asks for 1997 Crash Investigation to be Reopened

The president of the National Tank Truck Carriers has asked the National Transportation Safety Board to withdraw and reopen its investigation into a fatal 1997 tank truck accident that he said has become the “poster child” of the agency’s longtime campaign to require purge retrofits for cargo tank wetlines.

December 7, 2010
Government, Business

Idaho to Hold Hearings on Oversize, Overweight Permits

The Idaho Department of Transportation will hold public hearings Wednesday and Thursday after a judge said the department must consider complaints about ConocoPhillips’ plan to ship large loads of equipment along winding highway U.S. 12.

December 7, 2010