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

Construction Spending Increases 0.4% in April

Construction spending rose 0.4% in April, the second straight monthly increase, the Commerce Department said Wednesday.

June 1, 2011
Business

Postal Service Lacks Funds to Repair, Replace Aging Truck Fleet, GAO Study Finds

The U.S. Postal Service, like many commercial fleets, is facing the problems of an aging truck fleet, including burgeoning maintenance costs, but lacks the financial resources to do anything about it, a new government study found.

June 1, 2011
GovernmentBusiness

NAFTA Surface Trade Tops $80 Billion for First Time

Surface transportation trade among the United States, Canada and Mexico jumped 15.6% in March from a year ago, topping $80 billion for the first time on record, the Department of Transportation said Tuesday.

May 31, 2011
GovernmentBusiness

Freight Network, Spending Plan Contained in Transportation Bill

A bipartisan transportation reauthorization bill being prepared by four key United States senators would map out a national network of freight corridors and dedicate a percentage of Highway Trust Fund dollars to road projects within that network, a Senate staff member said.

May 31, 2011
Business

Freightliner Class M2 Vehicles Get Automated Transmission

Freightliner Trucks has introduced an automated manual transmission for its Class 6 and 7 Business Class M2 vehicles.

May 31, 2011
BusinessLogistics

NFI Buys Gilbert’s West Coast Operations

NFI said Tuesday it has acquired the West Coast operations of Gilbert Co., a subsidiary of A.P. Moller-Maersk Group.

May 31, 2011
Business

Volkswagen Again Boosts Stake in MAN

German carmaker Volkswagen AG Tuesday formally launched a bid for German truck maker MAN SE by boosting its stake in that company, a move that could create Europe’s largest truck maker, Reuters reported.

May 31, 2011
Business

Chicago Manufacturing Activity Falls

Manufacturing activity in the Chicago area fell in May, the Institute for Supply Management-Chicago said Tuesday.  

May 31, 2011
Business

Consumer Confidence Falls to Six-Month Low

Consumer confidence fell in May to a six-month low, the New York-based Conference Board said Tuesday.

May 31, 2011
BusinessFuel

Oil Rises to More Than $102 a Barrel

Oil rose past $102 a barrel in early trading Tuesday, its highest level in three weeks, as a leak shut a pipeline carrying crude to a U.S. storage hub, Bloomberg reported.

May 31, 2011