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.

BusinessLogistics

Saddle Creek Acquires ServiceCraft

Third-party logistics firm Saddle Creek Corp. said it acquired logistics firm ServiceCraft Logistics, Buena Park, Calif.

December 4, 2009
BusinessSafety

Intermodal Traffic Declines for Week

U.S. intermodal rail traffic fell 6.4% in the week ended Saturday compared with the same week last year, the Association of American Railroads said.

December 4, 2009
BusinessGovernmentEquipment

Cummins Cutting 400 Jobs at Truck Engine Plant

Cummins Inc. plans to temporarily cut about 400 jobs at a plant in western New York state starting in January because of expected lower demand for the heavy-duty engines produced there, Bloomberg reported.

December 3, 2009
BusinessSafetyGovernment

ISM Services Index Contracts

The U.S. economys service sector contracted last month, the Institute for Supply Management said Thursday.

December 3, 2009
BusinessSafetyGovernment

Former ATA Chair Shorty Whittington Attends White House Jobs Summit

American Trucking Associations Immediate Past Chairman Charles Shorty Whittington is attending the White Houses economic forum Thursday, which is being billed as a jobs summit.

December 3, 2009
BusinessFuelGovernment

UTi Worldwides 3Q Profit Falls

Air and freight forwarder UTi Worldwide reported a decline in net income and revenue for its fiscal third quarter.

December 3, 2009
BusinessGovernmentLogistics

Five-Day Teamsters Strike at CN Ends

A five-day strike by the Teamsters Canada Rail Conference against Canadian National Railway ended Wednesday as negotiations resumed between the parties.

December 3, 2009
BusinessGovernmentSafety

U.S. Worker Productivity Jumps to 8.1% Rate

U.S. workers productivity surged in the third quarter to an annual rate of 8.1%, increasing at the fastest in six years, the Labor Department said Thursday.

December 3, 2009
Business

Initial Jobless Claims Fall to One-Year Low

Initial jobless claims fell to their lowest level in a year, the Labor Department reported Thursday.

December 3, 2009
BusinessLogistics

Dynamex Reports Lower 1Q Income

Logistics and delivery firm Dynamex Inc.s fiscal first-quarter profit fell slightly to $3.03 million, or 31 cents a share, from $3.05 million, or 30 cents, a year ago.

December 2, 2009