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

Jobless Claims Decline for Week

Initial jobless claims fell by 14,000 last week, the Labor Department said Thursday.

April 30, 2009
GovernmentBusiness

Personal Spending Declines 0.2%

Consumer personal spending fell in March after two months of growth, the Commerce Department said Thursday.

April 30, 2009
GovernmentBusinessSafetyFuel

Oil Rises to $51 a Barrel

Oil closed the trading day Wednesday near $51 a barrel on the New York Mercantile Exchange following an Energy Department report that showed gasoline inventories declined last week, Bloomberg reported.

April 29, 2009
Business

Fed Holds Interest Rate at Record Low

The Federal Reserve voted Wednesday to keep a key U.S. interest rate at a record low “target range” of zero to 0.25%.

April 29, 2009
BusinessSafetyGovernmentLogistics

Mullen’s First-Quarter Income Drops

Canadian transportation firm Mullen Group Income Fund said its first-quarter profit dropped 37.8% to C$31 million or 38 cents per unit, from C$49.8 million, or 62 cents per unit, a year ago.

April 29, 2009
GovernmentBusiness

First-Quarter GDP Shows 6.1% Contraction

The U.S. economy contracted at an annual rate of 6.1% rate in the first quarter, following the 6.3% downturn in the fourth quarter of last year, the Commerce Department said Wednesday.

April 29, 2009
Business

Wright Express’ 1Q Income Declines

Wright Express Corp. said Wednesday its first-quarter earnings fell to $11 million, or 28 cents a share, from $14.5 million, or 36 cents, a year ago.

April 29, 2009
BusinessTechnologyEquipmentSafetyLogistics

McLeod Acquires Logistics Software Firm

McLeod Software said Wednesday that it had purchased Intergrated Logistics Execution Network Systems, or iLENS, a logistics software company.

April 29, 2009
BusinessSafety

Opinion: Sometimes ‘Big Brother’ Is the Good Guy

For years, carriers have sought ways to improve their drivers’ behavior when on the road and out of corporate sight, relying mainly on word of mouth and variations on those ubiquitous “Am I Driving Safely?” signs.

April 29, 2009
BusinessSafety

Truck Tonnage Drops 12.2% in March

Truck tonnage decreased 12.2% in March compared with a year ago, falling to the lowest level since March 2002, American Trucking Associations said.

April 28, 2009