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

Longshoreman’s Union Walks Off Job at West Coast Ports

More than 25,000 members of the International Longshore and Warehouse Union walked off the job at 29 West Coast ports Thursday, in a protest over the war in Iraq.

May 1, 2008
Business, Government

Purolator, Teamsters Canada Reach Tentative Pact

Purolator Courier and Teamsters Canada have reached a tentative agreement on a contract renewal for Purolator’s couriers, package handlers, truck drivers and owner-operators across Canada, the company said.

May 1, 2008
Business, Government

Salisbury Named CEO at Fikes Truck Line

Fikes Truck Line named Gary Salisbury its chief executive officer this month, the company said. He takes over from owner and former president Jim Smith, who remains chairman of the board.

May 1, 2008
Business, Safety, Government

ISM Manufacturing Index Continues to Show Contraction

The Institute for Supply Management’s manufacturing index continued to show contraction in April, matching March’s reading, ISM said Thursday.

May 1, 2008
Government, Business

Construction Spending Drops 1.1%

Construction spending fell 1.1% in March, the Commerce Department said Thursday.

May 1, 2008
Business

Oshkosh Reports Higher 2Q Profit

Specialty truck maker Oshkosh Truck Corp. reported a fiscal second-quarter profit of $72.6 million, or 97 cents a share, up from $50.9 million, or 68 cents, a year ago.

May 1, 2008
Business

Jobless Rolls Reach Four-Year High

Initial jobless claims rose to a four-year high last week, the Labor Department said Thursday.

May 1, 2008
Government, Business

Personal Spending Rises 0.4%

Consumer personal spending rose 0.4% in March, the Commerce Department said Thursday.

May 1, 2008
Business, Safety

Snow Closes I-70 Near Denver

Authorities closed westbound lanes of Interstate 70 west of Denver Thursday because of accidents caused by a spring snowstorm, the Associated Press reported.

May 1, 2008
Business

Frozen Food Express Reports 1Q Loss

Refrigerated truckload carrier Frozen Food Express Industries said it lost $825,000, or 5 cents a share, in the first quarter, compared with a loss of $233,000, 1 cent, a year ago.

April 30, 2008