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

Durable Goods Orders Rise for Third Month

Durable goods orders rose for a third straight month in February, the Commerce Department said Wednesday.

March 24, 2010
BusinessEquipment

Accuride Reports Loss for 2009

Truck component maker Accuride Corp. said Wednesday it lost $140.1 million, or $3.59 per share, in 2009, compared with a loss of $328.3 million, or $9.24, in 2008.

March 24, 2010
Business

New °®¶¹´«Ã½ Sales Fall to Record Low in February

New home sales fell in February to a record low, the Commerce Department said Wednesday.

March 24, 2010
BusinessGovernment

Oil Slips to Near $80 a Barrel

Oil fell for the first time in three days Wednesday to near $80 a barrel, in advance of the Department of Energy’s weekly inventory report.

March 24, 2010
GovernmentBusiness

Ambassador Bridge Owner Sues Canada, United States

The owner of the Ambassador Bridge connecting Detroit to Windsor, Ontario, has filed suit against the Canadian and United States governments and the U.S. Coast Guard claiming they are trying to get him to sell the bridge and prevent him from building a second span alongside the existing one.

March 24, 2010
GovernmentBusiness

LaHood Says Feds Close to Decision on I-80 Tolls

Transportation Secretary Ray LaHood said the federal government is close to a decision on whether to allow Pennsylvania to toll Interstate 80 as part of that state’s transportation funding plan.

March 23, 2010
Business

MATS Signs 10-Year Extension to Remain in Louisville

The Mid-America Trucking Show, set to run Thursday through Saturday in Louisville, Ky., will remain in that city for another 10 years, the Louisville Courier-Journal reported.

March 23, 2010
BusinessFuel

Diesel Rises Again, Gaining 2.2¢ to $2.946 a Gallon

Diesel’s national average price continued its climb toward $3 a gallon, rising 2.2 cents to $2.946, a 16-month high, the Department of Energy reported.

March 23, 2010
GovernmentBusiness

Mich. Court Won’t Hear Appeal by Ambassador Bridge Owner

A Michigan appeals court has refused to hear a plea from the owner of the Ambassador Bridge on a lower court ruling that he illegally built toll booths and other facilities on public land on the Detroit side of the span that carriers traffic to Windsor, Ontario.

March 23, 2010
Business

Existing °®¶¹´«Ã½ Sales Fall for Third Month

Existing home sales fell for a third straight month in February, the National Association of Realtors said Tuesday.

March 23, 2010