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, Logistics

Clarke Reports Higher Fourth-Quarter Profit

Canadian holding company Clarke Inc. on Monday reported fourth-quarter net income of C$4.4 million or 28 cents a share, up from C$3.2 million or 23 cents a year earlier.

March 5, 2007
Business

FedEx Boosts International Priority Airfreight Service

FedEx Express said Monday it is increasing the reach of its FedEx International Priority Freight service to cover more than 130 countries and is also enhancing its domestic FedEx Express Freight service.

March 5, 2007
Business, Safety, Government

ISM Service Index Declines in February

The U.S. economy’s service sector growth declined in February, the Institute for Supply Management said Monday.

March 5, 2007
Business, Technology, Equipment, Safety

iTECH: Harnessing the Sun to Recharge Trailer Batteries

Considering that all batteries have a finite life span, harnessing sunlight is one way to keep tracking systems running for long periods on far-flung trailers.

March 5, 2007
Business, Autonomous

Scania May Name VW’s Winterkorn Chairman

Swedish truck maker Scania AB’s Chairman Bernd Pischetsrieder may step down from his position this week, to be replaced by Volkswagen AG Chief Executive Martin Winterkorn, Bloomberg reported Monday.

March 5, 2007
Business

Technology Briefs — Feb. 27 - March 5

RedPrairie to Acquire GEOCOMtms • N.Y. City to Display Traffic Info via E-ZPass Tech. • Sprint Builds High-Speed WiMax Net

March 5, 2007
Business

UPS Cancels Airbus Order for Freight Aircraft

UPS Inc. said Friday it will cancel a scheduled order for 10 Airbus A380 freighters.

March 2, 2007
Business

Great Dane Reports Record 2006 Trailer Shipments

Great Dane Trailers said Friday it topped all trailer manufacturers last year, in shipping more than 60,000 units.

March 2, 2007
Business, Government

Michigan Consumer Index Falls to Five-Year Low

U.S. consumer confidence fell last month to a five-month low, according to the University of Michigan’s monthly consumer sentiment index released Friday.

March 2, 2007
Business, Government, Safety

Opinion: The Broker’s Role

According to the most recent Federal Motor Carrier Safety Administration census, there are now 16,930 registered transportation brokers. These numbers have been growing at a rate of 30% over the course of the past three years.

March 2, 2007