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.

BusinessFuel

U.S. Diesel Average Dips 0.1¢ in First Decline Since November

U.S. retail diesel prices trickled down last week for the first time in nearly four months, the Department of Energy reported, but analysts said it was unlikely the trickle would start a downward trend at the pumps.

March 28, 2011
Business

UTi Worldwide’s 4Q Profit Rises

Air and freight forwarder UTi Worldwide’s fiscal fourth-quarter net income jumped to $14.5 million, or 14 cents a share, from $1.5 million, or 2 cents, a year earlier.

March 25, 2011
BusinessFuel

Oil Ends Week Over $105 a Barrel

Oil slipped slightly from this week’s highest closing price in two-and-a-half years but finished the week near that level over $105 a barrel, Bloomberg reported.

March 25, 2011
BusinessGovernmentAutonomous

Three Sentenced in Broker Fraud Scheme

Three California men have been sentenced to jail and ordered to pay restitution for a fraud scheme that involved double brokering of trucking loads.

March 25, 2011
BusinessLogistics

Intermodal Traffic Rises 10.7% for Week

Intermodal traffic increased 10.7% last week from a year ago, the Association of American Railroads said.

March 25, 2011
Business

Consumer Confidence Falls From 3-Year High

Consumer confidence fell in March from a three-year high, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.

March 25, 2011
Business

UPS Picks Wicker for New Post

UPS Inc. said it selected Scott Wicker, one of its veteran engineers, as the corporation’s first chief sustainability officer.

March 25, 2011
PerspectiveBusiness

Opinion: Does the U.S. Hate Big Trucks?

As the latest round of hours-of-service regulatory change plays out in Washington, I have come to the realization that the trucking industry is broken.

March 25, 2011
Business

Caterpillar Considering Logistics Unit Sale

Caterpillar Inc. said it considering selling part of its logistics business.

March 24, 2011
Business

LTL Carrier Brandt Truck Line Shuts Doors

Brandt Truck Line, an 88-year-old less-than-truckload carrier based in Bloomington, Ill., shut its doors Tuesday, giving no prior notice.

March 24, 2011