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, Government

Volkswagen Gets EU Approval to Buy Scania

Volkswagen AG has gained antitrust approval from European regulators to buy a controlling stake in Swedish truck and bus maker Scania AB, Bloomberg reported Friday.

June 13, 2008
Business, Government

CPI Rises 0.2% in May

The consumer price index rose 0.6% in may, the Labor Department said Friday.

June 13, 2008
Business, Government

Consumer Confidence Falls to 28-Year Low

U.S. consumer confidence fell to a 28-year low this month, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.

June 13, 2008
Business, Safety

Rail, Intermodal Traffic Decline

Rail and intermodal traffic fell for the week ended Saturday compared with the same week a year ago, the Association of American Railroads said.

June 12, 2008
Business, Government

Retail Sales Jump 1% in May

Retail sales jumped 1% in May, the Commerce Department said Thursday.

June 12, 2008
Business

Jobless Claims Jump 25,000 for Week

Initial jobless claims jumped 25,000 last week, the Labor Department said Thursday.

June 12, 2008
Business, Safety

Share the Road Drivers Visit N.Y. Motorcycle Rally

American Trucking Associations’ Share the Road safety program tractor-trailer rode into Lake George, N.Y., last week for a three-day safety demonstration to motorcycle riders.

June 12, 2008
Business, Fuel

Oil Jumps $5 to Top $136 a Barrel

Oil jumped $5 to more than $136 a barrel Wednesday following a Department of Energy report that showed crude inventories fell more than expected last week, Bloomberg reported.

June 11, 2008
Government, Business, Safety

TWIC Contractor Under Fire for Leaving Callers on Hold

The call center run by the contractor responsible for overseeing the Transportation Worker Identification Credential program has delayed additional enrollments by leaving workers on hold for more than 20 minutes on average, the chairman of the House Committee on ºÚÁϳԹÏÍøland Security said.

June 11, 2008
Fuel, Business, Government

Fed Cites Economic Weakness, Trucking’s Concerns Over Fuel Prices

U.S. economic activity remained generally weak in late April and May, and some trucking companies reported having difficulty passing on high fuel costs to their customers, the Federal Reserve said Wednesday.

June 11, 2008