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

Jobless Claims Grow for Week

Initial jobless claims increased by 20,000 last week, the Labor Department said Thursday.

November 4, 2010
Government, Business

NAFTA Surface Trade Gains 25.3% in August

Surface transportation trade among the United States, Canada and Mexico rose 25.3% in August from a year earlier, the Department of Transportation said.

November 3, 2010
Business

Election Wave Sweeps in House Republicans

The Republicans’ recapturing of the House of Representatives Tuesday will mean a shift in power of transportation-related panels, and the Democratic casualties included long-time House Transportation Committee Chairman James Oberstar (D-Minn.), who lost the seat he has held since 1974.

November 3, 2010
Business

Con-way Reports Third-Quarter Loss

Con-way Inc. Wednesday reported a third-quarter loss compared with a profit a year ago, citing acquisition and other charges for the period.

November 3, 2010
Business

Arkansas Best’s 3Q Loss Narrows

Arkansas Best Corp. Wednesday said its third-quarter loss was narrower than a year ago as tonnage improved at its ABF Freight System less-than-truckload unit.

November 3, 2010
Business

Factory Orders Increase in September

U.S. factory orders grew 2.1% in September, the Commerce Department said Wednesday.

November 3, 2010
Business, Equipment

ISM Services Index Grows in October

The U.S. economy’s service sector expanded at a faster pace in October, the Institute for Supply Management said Wednesday.

November 3, 2010
Business, Logistics

Wabash National’s 3Q Loss Narrows

Trailer manufacturer Wabash National Corp. late Tuesday reported a third-quarter loss of $1.9 million, or 3 cents per share, compared with a loss of $66.4 million, or $2.23, a year ago.

November 2, 2010
Government, Business

Truck Tolls to Rise on NYC Tunnels, Bridges

Truck tolls will rise on six of the seven major bridges and tunnels operated within New York City by the Metropolitan Transportation Authority, beginning Dec. 30.

November 2, 2010
Business, Equipment

Tire Makers Cite Higher Costs; Set Price Increases

Bridgestone Americas Tire Operations said it was boosting tire prices 8% due to higher energy and raw materials costs, and other tire makers also cited rising costs in their recent earnings statements.

November 2, 2010