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

US 1 Industries’ Third-Quarter Profit Improves

Logistics firm US 1 Industries said its third-quarter profit improved on higher load activity.

November 16, 2010
Business

Factory Output Takes Biggest Increase in Three Months

Factory production rose by the most in three months in October, posting a 0.5% gain, the Federal Reserve said Tuesday.

November 16, 2010
BusinessLogistics

Trailer Bridge’s 3Q Income Declines

Trailer Bridge Inc.’s third-quarter income fell to $6,876, or zero cents per share, from $1.7 million, or 14 cents, a year ago.

November 16, 2010
Business

Producer Price Index Rises 0.4%

Prices paid to U.S. producers rose 0.4% in October, the Labor Department said Tuesday.

November 16, 2010
Business

P.A.M. to Open Mexico Offices

P.A.M. Transportation Services said it has received authorization from Mexico’s Department of Economy to establish a network of offices in that country as “key markets” in which it plans to expand.

November 16, 2010
Business

FedEx Calls for Tax Credits for Electric Vehicles

FedEx Corp. has joined utilities, vehicle manufacturers and other companies in pushing for a tax credit for fleets that buy electric vehicles, Bloomberg reported.

November 15, 2010
Business

European Truck Makers MAN, Scania Consider Joint Efforts

European truck makers Scania AB and MAN SE are considering a joint effort to make commercial vehicles and potentially become Europe’s largest truck maker, Bloomberg reported Monday.

November 15, 2010
Business

Caterpillar to Buy Mining Equipment Firm for $8 Billion

Heavy-equipment maker Caterpillar Inc. said Monday it will buy a mining equipment company in a deal valued at more than $8 billion.

November 15, 2010
Business

Business Inventories Rise 0.9%

Business inventories rose 0.9% in September, the Commerce Department said Monday.

November 15, 2010
BusinessGovernment

New York ‘Empire’ Manufacturing Index Contracts

Manufacturing activity in the New York region contracted this month, the Federal Reserve Bank of New York said Monday.

November 15, 2010