Business

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

Navistar to Introduce New Engine Technology

Navistar International Corp. said Friday it will offer a new engine technology to meet federal and state emission rules by using a new, urea-based system for aftertreatment.

July 6, 2012
Business

Unemployment Rate Holds at 8.2%, Trucking Gains 2,000 Jobs

The U.S. unemployment rate held at 8.2% in June and trucking employment improved by 2,000 jobs, the Labor Department said Friday.

July 6, 2012
Business

Truck Orders Fall 28% in June, ACT Reports

North American heavy truck orders fell 28% in June to 16,500, the sixth consecutive year-over-year decline, reflecting a seasonal slowdown and continued caution by potential buyers, ACT Research reported.

July 6, 2012
Business, Logistics

Intermodal Traffic Sets June Record

U.S. intermodal traffic rose 5.2% in June from a year ago and was the highest weekly average for the month of June on record, the Association of American Railroads said.

July 6, 2012
Business

June Automobile Sales Set Strong Pace

U.S. automobile sales continued at a strong pace in June, putting the industry on track for its highest-selling year since 2007, Bloomberg reported.

July 5, 2012
Business

FedEx Completes Brazilian Logistics Acquisition

FedEx Corp. said it completed its acquisition of Brazilian logistics firm Rapidão Cometa Logística e Transportes S.A.

July 5, 2012
Business

Initial Jobless Claims Fall by 14,000 for Week

Initial jobless claims fell by 14,000 last week, the Labor Department said Thursday.  

July 5, 2012
Business, Logistics

BTS Logistics Buys Trade Show Unit

Wheaton Van Lines, which acquired Bekins Van Lines earlier this year, has spun off Bekins’ former trade show business to newly formed BTS Logistics, the company announced.

July 5, 2012
Business

Construction Closes Several Lanes of Traffic on Bridge Linking Indiana and Louisville, Ky.

Construction on the Interstate 65 John F. Kennedy Memorial Bridge connecting southern Indiana and Louisville, Ky., has shut down several traffic lanes in each direction.

July 5, 2012
Business

TT Closed for Fourth of July Holiday

Transport Topics will be closed Thursday and Friday for the Fourth of July holiday. Please check back on Monday, July 8, for the latest trucking and freight transportation news.

July 3, 2012