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

Jobless Claims Hold Near Four-Year Low

Initial jobless claims held steady last week at the lowest level in nearly four years, the Labor Department said Thursday.

February 23, 2012
Business

Wright Express Reports Higher Profit for 4Q, Year

Wright Express Corp.’s fourth-quarter profit grew to $32.8 million, or 84 cents per share, compared with $18.5 million, or 47 cents, a year ealier.

February 23, 2012
Business

Wheaton to Acquire Bekins; Deal Joins Competing Movers

Two of the 10 largest U.S. household goods carriers are about to be combined, as Wheaton Van Lines Inc. said on Feb. 11 it intends to acquire smaller competitor Bekins Van Lines in March.

February 23, 2012
GovernmentBusinessTechnologyEquipment

FMCSA to Hold EOBR Listening Session at MATS

The Federal Motor Carrier Safety Administration will hear public comments at the Mid-America Trucking Show next month about the potential that drivers using electronic onboard recorders could be harassed by the carriers they drive for.

February 22, 2012
BusinessEquipment

TMC Gives Five Silver Spark Plug Awards

TAMPA, Fla. — The Technology & Maintenance Council gave one fleet executive and four associate members its Silver Spark Plug Award for career achievement at TMC’s annual meeting being held here this week.

February 22, 2012
BusinessFuel

Diesel Rises 1.7¢ to $3.96 in Fourth Straight Gain

Diesel fuel rose for a fourth week, gaining 1.7 cents to $3.96 a gallon, while gasoline rose for the eighth time in nine weeks, the Department of Energy said.

February 22, 2012
Business

Existing °®¶¹´«Ã½ Sales Rise to Highest Level Since May

Existing home sales rose for a fourth straight month in January, reaching the highest level since May, the National Association of Realtors said Wednesday.

February 22, 2012
BusinessLogistics

Bolt Express Acquires Strike Logistics

Air and ground expedited services provider Bolt Express LLC said it has completed the acquisition of third-party services provider Strike Logistics.

February 22, 2012
BusinessEquipment

Dana’s 4Q, Full-Year Earnings Improve

Component maker Dana Holding Corp. said its fourth-quarter and full-year income both improved, on higher vehicle production and acquisitions.

February 21, 2012
BusinessFuel

Oil Shoots Past $105 a Barrel

Oil closed at a nine-month high over $105 a barrel on Tuesday, after finishing every trading day last week over $100, Bloomberg reported.

February 21, 2012