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, 2009Trucking 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.
Jobless Claims Decline for Week
Initial jobless claims fell by 14,000 last week, the Labor Department said Thursday.
April 30, 2009Personal Spending Declines 0.2%
Consumer personal spending fell in March after two months of growth, the Commerce Department said Thursday.
April 30, 2009Oil 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, 2009Fed 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, 2009Mullen’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, 2009First-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, 2009Wright 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, 2009McLeod 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, 2009Opinion: 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, 2009Trending
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