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

Dana Reports Smaller 4Q Loss, Boosts 2011 Outlook

Dana Holding Corp. reported a smaller fourth-quarter loss than a year ago and a net profit for the full year, while boosting its 2011 earnings and revenue outlook.

February 28, 2011
Business

Chicago Manufacturing Index Hits 23-Year High

Manufacturing activity in the Chicago region rose to its highest level in almost 23 years in February, the Institute for Supply Chain Management-Chicago said Monday.

February 28, 2011
BusinessFuel

Oil Trades Near $100 a Barrel

Oil traded near $100 a barrel early Monday, its highest level in more than two years, as ongoing Middle East political turmoil raised concerns that production may be disrupted further, Bloomberg reported.

February 28, 2011
Business

Consumer Spending Shows Small January Increase

Consumer personal spending rose 0.2% in January, the Commerce Department said Monday.

February 28, 2011
Business

Trucking Rates Rising Due to Tighter Capacity, Higher Costs

Trucking firms could see their biggest rate increases in years in 2011, and coupled with rising equipment and fuel prices, end products’ costs could increase accordingly, USA Today reported Monday.

February 28, 2011
BusinessLogistics

Andrews Logistics Names President

Logistics firm Andrews Logistics has named Brian Jarvis its president, it said Monday.

February 28, 2011
Letters to the EditorBusinessGovernmentSafetyLogistics

Letters: Border Negotiations; Wrong Again, FMCSA

No one knows the Canada-U.S. border and the difficulties even the most trusted individuals and companies have had crossing it in the “security trumps trade” post-9/11 world than truckers. It’s not surprising, then, that truckers welcome the announcement from U.S. President Barack Obama and Canadian Prime Minister Stephen Harper that the two countries are embarking upon negotiations aimed at improved cooperation and coordination at the border.

February 28, 2011
EditorialBusinessFuelGovernment

Middle East Unrest and Fuel Prices

Just as the U.S. economy seems to be growing some serious muscle, international events are threatening to intervene in what has become a period of steady business improvement.

February 28, 2011
Business

Driver Pay Hikes Expected in Second Quarter as Freight Demand Grows, Expert Says

CORAL GABLES, Fla. — More truck drivers will be receiving pay increases in the second quarter as fleets’ prospects improve and driver supply tightens, a compensation expert told an industry conference.

February 28, 2011
Business

Trailer Registrations Rise 42% Over Weak 2009, Report Finds

The number of new commercial trailers registered in the United States in 2010 reached 105,471, a 42% increase from the previous dismal year, R.L. Polk & Co. reported.

February 28, 2011