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.

BusinessGovernment

Consumer Sentiment Dips in June

U.S. consumer confidence fell in June to a 10-month low the previous month, according to the University of Michigan’s monthly consumer sentiment index released Friday.

June 29, 2007
BusinessLogisticsGovernment

Chicago Manufacturing Index Dips in June

Manufacturing activity in the Chicago declined but held near a two-year high this month, the National Association of Purchasing Management said Friday.

June 29, 2007
GovernmentBusiness

Personal Spending Rises 0.5%

Consumer personal spending rose 0.5% in May, the Commerce Department said Friday.

June 29, 2007
FuelBusiness

Oil Tops $70 a Barrel

Oil futures moved briefly past $70 a barrel on Thursday for the first time since September before receding, after an Energy Department report showed that gasoline and distillate fuel inventories declined last week, Bloomberg reported.

June 28, 2007
Business

GM to Sell Allison Transmission Unit

General Motors Corp. said Thursday it will sell its Allison Transmission commercial and military business to two private firms for $5.6 billion.

June 28, 2007
Business

Fed Again Holds Interest Rate at 5.25%

For the eight straight time, the Federal Reserve on Thursday voted to keep the benchmark U.S. interest rate at 5.25%.

June 28, 2007
BusinessFuelGovernmentLogisticsSafety

DHL Buys Stake in Polar Air

Package delivery firm DHL said Thursday it acquired a 49% stake Polar Air Cargo Express, a unit of Atlas Air Worldwide Holdings, to expand its business in the Asia-Pacific region.

June 28, 2007
GovernmentBusinessSafety

FedEx Expands China Service

FedEx Express said Thursday it has made its next-business-day service available to customers throughout China.

June 28, 2007
BusinessSafetyGovernment

May Truck Tonnage Drops 3.6%

American Trucking Associations’ advanced for-hire truck tonnage index for May fell to a six-month low and was down 3.6% from a year ago, ATA said Wednesday.

June 28, 2007
Business

Jobless Claims Fall by 13,000 for Week

Initial jobless claims fell by 13,000 last week to 313,000, the Labor Department said Thursday.

June 28, 2007