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.

BusinessLogistics

Canadian Pacific’s 3Q Income Slips

Canadian Pacific Railway’s third-quarter net income fell to C$173 million, or C$1.11 a share, from C$219 million, or C$1.41, a year ago.

October 28, 2008
BusinessLogisticsFuelGovernment

Diesel Tumbles 19.4¢ to $3.288; Gas Plunges 25.8¢ to $2.656

Diesel’s national average pump price fell for the 14th time in 15 weeks, declining 19.4 cents to $3.288 a gallon, its lowest price since February, the Department of Energy said Monday.

October 28, 2008
GovernmentBusiness

Consumer Confidence Falls to Record Low in October

Consumer confidence fell to a record low in October as stocks plunged and the credit crisis worsened, the New York-based Conference Board said Tuesday.

October 28, 2008
BusinessSafety

Truck Tonnage Rises 0.8% in September

Truck tonnage rose 0.8% in September from the same month a year ago, American Trucking Associations said late Monday.

October 27, 2008
BusinessSafetyGovernment

Covenant Reports 3Q Loss

Covenant Transportation Group said late Monday it lost $3.4 million, or 24 cents a share, in the third quarter, compared with a loss of $3.6 million, or 25 cents, a year ago.

October 27, 2008
BusinessSafetyGovernment

Covenant Reports 3Q Loss

Covenant Transportation Group said late Monday it lost $3.4 million, or 24 cents a share, in the third quarter, compared with a loss of $3.6 million, or 25 cents, a year ago.

October 27, 2008
BusinessFuel

Volvo Trucks Debuts ‘Fuelwatch’ for Fleets to Chart Performance

GREENSBORO, N.C. — Volvo Trucks North America has launched a program to tap into the stream of data each of its trucks creates to help fleets measure their vehicles’ fuel efficiency performance.

October 27, 2008
BusinessEquipment

UPS to Buy New Hydraulic Hybrid Trucks

UPS Inc. said Monday it will buy seven new hydraulic hybrid vehicles produced by Eaton Corp. and Navistar International Corp.

October 27, 2008
Business

Daimler Sets Month-Long German Production Halt

Daimler AG will close its 14 plants in its home country of Germany for a month starting in December as it slows production because of falling demand for cars and trucks, Bloomberg reported Monday.

October 27, 2008
BusinessGovernment

New °®¶¹´«Ã½ Sales Rise 2.7% in September

New home sales rose 2.7% in September from a 17-year low the month before, the Commerce Department said Monday.

October 27, 2008