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

Obama Signs Measure Ending FAA Shutdown

President Obama signed legislation Friday ending a two-week partial shutdown of the Federal Aviation Administration, the Associated Press reported.

August 5, 2011
Business

Trucking Adds 1,300 Jobs as July Unemployment Rate Dips to 9.1%

The U.S. unemployment rate declined a tenth of a point in July to 9.1%, while the economy added 117,000 jobs to payrolls, the Labor Department said Friday.

August 5, 2011
Business

Contrans’ 2Q Income Edges Higher

Canadian carrier Contrans Group reported second-quarter net income of C$5.2 million, or 15 cents a share, compared with C$5.1 million, or 16 cents, a year earlier.

August 5, 2011
BusinessLogistics

FreshStart Logistics Teams With Datatrac

FreshStart Logistics, a maker of transportation technology products, is partnering with counterpart Datatrac Corp.

August 5, 2011
BusinessLogistics

FedEx Completes Acquisition of Mexico’s MultiPack

FedEx Corp. said it has completed the acquisition of Mexico’s Servicios Nacionales Mupa S.A de C.V., or MultiPack.

August 5, 2011
Business

Visteon Posts Second-Quarter Profit

Truck and automobile parts maker Visteon Corp. posted second-quarter net income of $26 million, or 50 cents a share, turning around a loss of $201 million, or $1.55 per share, a year ago.

August 5, 2011
BusinessEquipment

Cooper Tire’s 2Q Income Declines

Cooper Tire & Rubber Co. said second-quarter earnings at its Cooper Tire division fell to $12 million, or 18 cents a share, from $19 million, or 30 cents, a year ago.

August 5, 2011
BusinessLogistics

Intermodal Traffic Rises 3.3% for Week

Intermodal traffic increased 0.8% last week from a year ago, the Association of American Railroads reported.

August 5, 2011
PerspectiveBusinessEquipment

Opinion: Can This Marriage Be Saved?

It takes a significant effort on the part of suppliers and customers alike to ensure that strains on key supplier-customer relationships are avoided, and there is a common focus on the contributions that create value.

August 5, 2011
BusinessFuel

Oil Drops to Five-Month Low Under $90 a Barrel

Oil finished the trading day Thursday at its lowest level since February, diving below $90 a barrel as equities markets plunged, Bloomberg reported.

August 4, 2011