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

EGL Buyout Offer May Be Too Low, Analyst Says

EGL Inc. Chief Executive Officer James Crane’s $1.2 billion buyout bid may undervalue the company by as much as 25%, Bloomberg reported Thursday.

March 1, 2007
BusinessSafety

Intermodal Traffic Rises 9.2% for Week, AAR Says

Rail intermodal levels rose last week but overall carload traffic continued a downward trend for the year, the Association of American Railroads said Thursday.

March 1, 2007
BusinessLogistics

Unions Reach Tentative Five-Year Pact With Freight Railroads

A coalition of seven rail labor unions said late Wednesday it has reached a tentative agreement on a national contract with U.S. freight rail lines.

March 1, 2007
Business

Navistar to Resume Building Diesel Engines for Ford

Just three days after saying it would suspend producing diesel engines for Ford Motor Co., Navistar International Corp. said it would resume production because of a court order from a Michigan judge.

March 1, 2007
BusinessSafetyGovernmentAutonomous

December Nafta Surface Trade Dips 0.1%, DOT Says

Surface trade among the United States, Canada and Mexico dipped 0.1% in December from the same month a year earlier, though both truck and rail numbers rose, the Department of Transportation said.

March 1, 2007
BusinessSafetyGovernment

February ISM Manufacturing Index Moves to Positive Territory

The Institute for Supply Management’s manufacturing index for February rose to positive territory from January’s contraction, ISM said Thursday.

March 1, 2007
BusinessGovernment

Construction Spending Drops 0.8% in January

U.S. construction spending fell 0.8% January, the Commerce Department said Thursday.

March 1, 2007
Business

Initial Jobless Claims Jump to 14-Month High

Initial jobless claims rose 7,000 to a 14-month high, the Labor Department said Thursday.

March 1, 2007
BusinessGovernment

Personal Spending Rises 0.5%, Commerce Dept. Reports

Consumer personal spending rose 0.5% in January, and incomes rose 1%, boosted by bonus payments, the Commerce Department said Thursday.

March 1, 2007
Business

UPS Says Almost 200 Employees Take Voluntary Buyout Package

UPS Inc. said Wednesday that almost 200 of its employees accepted a voluntary early-retirement buyout package that will cost the company about $80 million.

February 28, 2007