Trucking Business News

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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

January Michigan Sentiment Index Improves

U.S. consumer confidence rose this month, according to the University of Michigan’s monthly consumer sentiment index released Friday.

January 18, 2008
Business, Government

Leading Economic Indicators Decline 0.2%

An index of leading economic indicators fell 0.2% last month, the New York-based Conference Board said Friday.

January 18, 2008
Fuel, Business

Safeway’s Fleet to Use Biodiesel

Grocery chain Safeway Inc. said its fleet of more than 1,000 trucks nationwide will run with a mix of biodiesel fuel, the Washington Post reported Friday.

January 18, 2008
Business, Safety

Rail, Intermodal Traffic Gain

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

January 17, 2008
Business, Safety, Government

Fed ‘Beige Book’ Cites Softer Freight Volumes

Economic activity increased modestly from of mid-November through early January, although demand for transportation services was generally weak, the Federal Reserve said.

January 17, 2008
Business

Jobless Claims Fall for Week

Initial jobless claims fell by 21,000 for the week ended Saturday to 301,000, the lowest level since September, the Labor Department said Thursday.

January 17, 2008
Business, Logistics

FedEx Says It Cuts Some LTL Delivery Times

FedEx Corp. said its less-than-truckload unit, FedEx Freight, improved its service in key U.S. markets, and that its FedEx National LTL unit now provides long-haul shippers with improved on-time service.

January 17, 2008
Business

Teamsters Say UPS Freight Workers Sign Cards in New England

The Teamsters union said workers at seven UPS Freight terminals in New England signed cards to join the union, although the cards must now be sent to a neutral arbitrator.

January 17, 2008
Business, Safety, Government

TTNews.com to Close for Holiday, Inauguration Day

Transport Topics Online will be closed Monday, Jan. 19, for Martin Luther King Jr. Day, and Tuesday, Jan. 20, due to the presidential inauguration. Please check back on Wednesday, Jan. 21, for the latest trucking and freight transportation news.

January 16, 2008
Business, Fuel

Oil Falls to Four-Week Low

Crude oil dipped below $90 a barrel Wednesday for the first time in four weeks, before rebounding to close at $90.84, Bloomberg reported.

January 16, 2008