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

Initial Weekly Jobless Claims Rise

Initial jobless claims rose last week while the number of people receiving continuing claims set a record for the 15th straight week, the Labor Department said Thursday.

May 14, 2009
Business

Opinion: Slow Pay: Trouble in Tough Times

Slower payment of invoices and “extended receivables” is a troubling business trend of late. Slow pay restricts cash flow and could put carriers out of business — even those with otherwise excellent operations. Focused on their core business of moving freight, carriers sometimes overlook key opportunities in the critical business process that follows successful delivery.

May 14, 2009
Business

Express-1’s First-Quarter Profit Plunges

Express-1 Expedited Solutions said its first-quarter profit plunged to $5,000, from $643,000 a year ago.

May 13, 2009
Business

Velocity Express Reports Fiscal 3Q Loss

Velocity Express Corp. reported it lost $13.7 million, or $3.73 a share, in its fiscal third quarter, compared with a loss of $10.6 million, or $3.78, a year earlier.

May 13, 2009
Business, Safety, Government

DOT Freight Index Falls 6.5% in March

The Department of Transportation said its freight transportation services index fell 6.5% in March from a year earlier to its lowest level in more than six years.

May 13, 2009
Business

WebTech Wireless Reports First-Quarter Profit

WebTech Wireless, a supplier of GPS location-based and fleet telematics services, reported a profit of $115,000, or zero cents per share for the fiscal quarter ended March 31, compared with a loss of $1.95 million, or 3 cents per share, in the same quarter last year.

May 13, 2009
Business, Logistics, Government

Livingston Reports 1Q Loss

Canadian customs broker and logistics firm Livingston International Income Fund posted a loss of C$17.3 million in the first quarter of 2009, or 64 cents per unit, compared with a profit of C$8.2 million, or 30 cents, the year before.

May 13, 2009
Business, Government

Retail Sales Fall 0.4%, Commerce Says

Retail sales fell 0.4% in April, the Commerce Department said Wednesday.

May 13, 2009
Business, Government

Import Prices Rise 1.6% on Higher Oil

The price of goods imported to the United States rose for a second straight month in April as oil prices increased, the Labor Department said Wednesday.

May 13, 2009
Business, Safety, Government, Logistics

ATA Recognizes National Transportation Week

American Trucking Associations said Wednesday it celebrating National Transportation Week by bringing trucking industry outreach programs to public events around the country.

May 13, 2009