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, Equipment

Paccar’s Miss. Engine Plant to Open in December

Paccar Inc. has hired 90 workers for a truck engine plant in Mississippi, and the company expects to begin producing engines in December, the Associated Press reported.

August 25, 2010
Business

New ºÚÁϳԹÏÍø Sales Drop 12% to Record Low

New home sales fell 12% in July to a record low following a big jump in June, the Commerce Department said Wednesday.

August 25, 2010
Business

Volvo’s North American Deliveries Jump

Volvo AB’s worldwide July deliveries more than doubled and its North American deliveries almost tripled from a year ago, the company said Wednesday.

August 25, 2010
Business

Durable Goods Orders Rise 0.3% in July

Durable goods orders rose 0.3% in July, the Commerce Department said Wednesday.

August 25, 2010
Business

Ryder Promotes Sanchez to Fleet Management President

Ryder System has named Robert Sanchez head of its global vehicle leasing business.

August 25, 2010
Business

FedEx Wins Court Ruling in Employee Classification Case

A federal judge in Indiana ruled that drivers at FedEx Corp.’s ground delivery unit in Kansas are contractors and not employees, handing the package company a victory in its ongoing litigation with drivers from across the country about employees’ classification.

August 24, 2010
Business

Mack to Add 125 Workers at Pa. Truck Plant

Mack Trucks said Tuesday will boost employment by 125 workers at its Macungie, Pa., truck assembly plant, starting in October.

August 24, 2010
Business

Con-way Freight’s Labrie Steps Down

Con-way Inc. said Tuesday that John Labrie, president of its less-than-truckload Con-way Freight unit, has left the company “to pursue other interests.â€

August 24, 2010
Business, Fuel

Diesel Falls 2.2¢ to $2.957 in Second Straight Drop

Diesel fell for the second straight week, dropping 2.2 cents to $2.957 a gallon, the Department of Energy said.

August 24, 2010
Business

Existing ºÚÁϳԹÏÍø Sales Plunge 27.2%

Sales of existing home plunged 27.2% in July, the third straight monthly decline, the National Association of Realtors said Tuesday.

August 24, 2010