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.

Government, Business, Safety, Fuel

Diesel Soars 18.2¢ to Record $4.331

Diesel fuel jumped 18.2 cents to a new record Monday, averaging $4.331 a gallon at the pump nationwide, the Department of Energy said.

May 13, 2008
Business, Fuel

Oil Hits Intraday Record, Near $127 a Barrel

Crude oil hit a new intraday record Tuesday near $127 a barrel, and heating oil futures also hit a record, Bloomberg reported.

May 13, 2008
Business, Government

Business Inventories Increase 0.1%

Business inventories rose 0.1% in March, the Commerce Department said Tuesday.

May 13, 2008
Business

Wal-Mart’s First-Quarter Profit Jumps 6.9%

Wal-Mart Stores said Tuesday its first-quarter profit jumped 6.9% on higher sales, to $3.02 billion, or 76 cents per share, up from $2.83 billion, or 68 cents per share, a year ago.

May 13, 2008
Business, Government

Retail Sales Fall 0.2% in April

Retail sales declined 0.2% in April, the Commerce Department said Tuesday.

May 13, 2008
Business

TravelCenters Reports First-Quarter Loss

Truck stop chain TravelCenters of America reported a first-quarter loss of $48.5 million, or $3.41 per share, compared with a loss of $31.7 million, or $1.09, a year ago.

May 13, 2008
Fuel, Business, Government

Import Goods Prices Rise 1.8%

The price of goods imported to the United States rose 1.8% in April, led by fuel cost increases, the Labor Department said Tuesday.

May 13, 2008
Business, Technology, Equipment, Safety

Ryder Completes Gator Leasing Acquisition

Ryder System said late Monday it has completed its acquisition of Gator Leasing, privately held company based in Miami.

May 13, 2008
Business, Safety, Government

Xata Reports Second-Quarter Loss

Transportation software firm Xata Corp. said Monday it lost $1.4 million, or 17 cents a share, in its fiscal second quarter, compared with a loss of $900,000, or 12 cents, a year ago.

May 12, 2008
Business

Sirva Emerges from Bankruptcy; Goes Private

Moving company Sirva Inc. said its reorganization plan to emerge from bankruptcy became effective Monday and that it will become a private company, effective immediately.

May 12, 2008