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.

FuelBusinessLogisticsGovernment

Diesel Falls 3.3¢ to $2.186

The national average price of diesel fuel fell another 3.3 cents to $2.186 a gallon, while gasoline rose for the sixth time in seven weeks, Energy Department said.

February 18, 2009
Business

Chrysler, GM Seek Billions More in Government Loans

General Motors Corp. and Chrysler have asked the U.S. government to more than double their combined $17.4 billion in loans to about $39 billion, the Associated Press reported.

February 18, 2009
Business

Industrial Production Falls 1.8% as Auto Output Plunges

U.S. industrial production fell 1.8% in January, declining for the sixth time in seven months, the Federal Reserve said Wednesday.

February 18, 2009
BusinessEquipment

Goodyear Takes 4Q Loss, Will Cut 5,000 Jobs

Goodyear Tire & Rubber Co. said Wednesday it lost $330 million in the fourth quarter as sales slumped 7% and that it would cut almost 5,000 jobs.

February 18, 2009
BusinessGovernment

Import Prices Fall for Sixth Straight Month

The price of goods imported to the United States fell for a sixth straight month in January on lower commodity costs, declining 1.1%, the Labor Department said Wednesday.

February 18, 2009
Business

Obama Signs $787 Billion Stimulus Measure Into Law

President Obama signed into law a nearly $800 billion package aimed at stimulating the U.S. economy that includes almost $30 billion for highway construction funding, the Associated Press reported.

February 17, 2009
Business

iTECH: Sending the Right Signals Efficiently

Efficiency is the cornerstone of most successful supply-chain operations, and in a bad economy it’s the little things that can make or break a business struggling to survive.

February 17, 2009
Business

Xata Gets $3.1M Capital Infusion From Investment Firms

Mobile Communications and software provider Xata Corp. received a $3.1 million influx of cash from a pair of venture capital funds, the company reported Friday.

February 17, 2009
Business

Sirius XM Avoids Bankruptcy

Sirius XM Radio avoided bankruptcy thanks to a $530 million loan from Liberty Media Corp., the Associated Press reported Tuesday.

February 17, 2009
Business

Wal-Mart’s 4Q Earnings Decline

Retailer Wal-Mart Stores said Tuesday its fiscal fourth-quarter earnings fell 7.4%, while its full-year 2008 earnings rose 5.1%.

February 17, 2009