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, Logistics

Greatwide Signs Contract With Coated Paper Maker

Greatwide Logistics Services said it has signed a contract with NewPage Corp., the nation’s largest maker of coated paper, for dedicated shipments in Wisconsin.

July 16, 2010
Business

Daimler Expects $2.71 Billion 2Q Profit

Daimler AG said Friday it expects to announce a second-quarter profit of 2.1 billion euros ($2.71 billion), due in part to improved results in its truck business.

July 16, 2010
Business

J.B. Hunt’s 2Q Earnings More Than Double

J.B. Hunt Transport Services said its second-quarter profit more than doubled on higher freight and a stronger economy.

July 16, 2010
Business, Logistics

Express-1 Names New Concert Group CEO

Express-1 Expedited Solutions has named Dan Para chief executive officer of Concert Group Logistics.

July 16, 2010
Business, Government

Consumer Confidence Hits One-Year Low

A month after hitting the highest level in two years, consumer confidence reached a one-year low, according to the latest Reuters/University of Michigan monthly consumer sentiment index released Friday.

July 16, 2010
Business, Government

Consumer Price Index Falls in June

The consumer price index dropped 0.1% in June, the third consecutive decline, the Labor Department said Friday.

July 16, 2010
Business

Daimler Signs Agreement with Chinese Truck Maker

Daimler AG signed an agreement with Beiqi Foton Motor Co. on Friday to set up a 6.35 billion yuan ($940 million) venture to make medium and heavy duty trucks in Beijing, as the two seek to boost sales in China, Bloomberg reported.

July 16, 2010
Business

Delaware Center Reopens With APUs, Web Access

The newly remodeled service center on Interstate 95 in Delaware has reopened with 50 truck parking spaces equipped with new electrification hook-up stations for auxiliary power units and Internet access.

July 16, 2010
Business, Logistics

Intermodal Traffic Jumps 19.2% in June

Intermodal rail traffic rose 19.2% for the month of June, the Association of American Railroads said, the largest year-to-year increase since AAR began keeping records in 1990.

July 15, 2010
Business

Mexico to Reopen Monterrey-Laredo Toll Road to Trucks Only

Mexico will gradually reopen a toll highway linking Monterrey, Mexico, to Laredo, Texas, to large commercial trucks only and exempt them from paying tolls, Bloomberg reported.

July 15, 2010