An index of U.S. manufacturing fell to a 26-year low in October, the Institute for Supply Management said Monday.
November 3, 2008Trucking 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.
Ontario to Award Grants for Anti-Idling Devices
Ontario trucking companies will be able to apply for provincial grants for anti-idling devices, thanks to a $C15 million program by the provincial government, the Ontario Trucking Association said Monday.
November 3, 2008Construction Spending Drops 0.3% in September
Construction spending fell 0.3% in September, the Commerce Department said Monday.
November 3, 2008Goodyear’s Third-Quarter Profit Declines
Goodyear Tire & Rubber Co. said Monday its third-quarter profit fell to $31 million, or 13 cents a share, from $668 million, or $2.75, a year ago.
November 3, 2008Oshkosh Reports Lower 4Q Profit
Specialty truck maker Oshkosh Corp. said Monday its fiscal fourth-quarter profit dropped 37% from a year ago, to $53.6 million, or 72 cents per share, from $85.4 million, or $1.14, a year ago.
November 3, 2008TransForce Reports Lower 3Q Income
Canadian transportation firm TransForce Inc. said its third-quarter net income slipped to C$26.5 million, or 31 cents per unit, from C$28.5 million, or 33 cents, a year ago.
November 3, 2008Pace of Fleet Failures Slips; ‘Only a Lull,’ Analyst Says
The pace of trucking bankruptcies slowed during the third quarter — to 785 from 935 in the second quarter — but rather than signaling a turn, the decline was, as one analyst put it, “only a lull in the storm.â€
November 3, 2008Truck Tonnage Growth Slows
Growth in U.S. truck tonnage slowed significantly in September as the national economy contracted during the third quarter, and a major freight-matching service said last week the spot market for truckload service fell well below year-ago levels as the fourth quarter got under way.
November 3, 2008Financial Market Turmoil Stymies Carriers Seeking to Acquire Equipment, Businesses
Despite passage of a $700 billion aid package intended to shore up depleted capital of large and small institutions, the near-collapse of U.S. financial markets is making it tougher for carriers to buy or lease equipment, and will force a reduction in the use of debt to pay for mergers and acquisitions.
November 3, 2008Diesel Declines Another 19.4¢ to $3.288
The average price of U.S. retail diesel shed another 19.4 cents last week, dropping to $3.288 a gallon, while the gasoline average fell below year-ago levels for the first time in 2008, according to the Department of Energy.
November 3, 2008Trending
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