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, Safety, Government

ISM Services Index Declines in November

The economy鈥檚 service sector growth rate declined in October, the Institute for Supply Management said Wednesday.

December 5, 2007
Government, Business, Logistics

Floods Close Stretch of I-5 in Northwest

Severe floods in the Pacific Northwest have closed a stretch of Interstate 5 until at least Thursday, news reports said.

December 5, 2007
Government, Business, Safety

Third-Quarter Productivity Jumps to 6.3%

U.S. worker productivity jumped to an annual rate of 6.3% in the third quarter from 2.2% the previous quarter, the Labor Department said Wednesday.

December 5, 2007
Government, Business

Senate Votes 77-18 for Peru Trade Bill

The Senate voted 77-18 Tuesday for a U.S.-Peru free-trade agreement, opening the way for expanded economic ties with that country, the Washington Post reported Wednesday.

December 5, 2007
Business, Safety, Government

Trucking Revenue Tops $300 Bln., Census Bureau Says

Total revenue for truck transportation, couriers and messengers, and warehousing and storage reached $312 billion in 2006, up from $293 billion in 2005, the U.S. Census Bureau said Tuesday.

December 4, 2007
Business, Safety, Government

Trucking Revenue Tops $300 Bln., Census Bureau Says

Total revenue for truck transportation, couriers and messengers, and warehousing and storage reached $312 billion in 2006, up from $293 billion in 2005, the U.S. Census Bureau said Tuesday.

December 4, 2007
Business

Auto Sales Decline for November

U.S. automobile sales fell or were flat in November and an ongoing economic slump will continue to hurt U.S. auto sales in 2008, the Associated Press reported Tuesday.

December 4, 2007
Business, Logistics

Fenway Leads Acquisition of Logistics Firm

Private-equity firm Fenway Partners said Tuesday it has acquired a majority interest in East Coast Warehouse & Distribution Corp. and related companies, including Safeway Trucking Corp.

December 4, 2007
Fuel, Business, Logistics, Government

Diesel Drops 2.8垄 to $3.416

The national average price of retail diesel fuel fell 2.8 cents from last week鈥檚 all-time record to $3.416 a gallon, the Department of Energy reported Monday.

December 4, 2007
Business, Technology, Equipment, Safety

Landstar CEO Says Revenue, Volume Growing

Truckload carrier Landstar System will increase fourth-quarter revenue in the 鈥渕id-single-digit range,鈥 Chief Executive Officer Henry Gerkens said in a conference call with investors, Bloomberg reported.

December 4, 2007