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

Traffic Deaths Drop 3% to Record Low

U.S. traffic deaths fell 3% last year to the lowest level on record, even as vehicle miles traveled rose, the National Highway Traffic Safety Administration reported Friday.

April 1, 2011
Business

Unemployment Rate Falls to Two-Year Low 8.8%; Trucking Adds 1,600 Jobs

The U.S. unemployment rate fell to a two-year low rate of 8.8% in March as the economy added about 216,000 jobs, the Labor Department said Friday.

April 1, 2011
Business

Construction Spending Falls 1.4% in Third Straight Decline

Construction spending fell for a third straight month in February, the Commerce Department said Friday.

April 1, 2011
Business

Con-way Says Most of Its Truckload Fleet Is Using E-Logs

Con-way Truckload said that 71% of its 3,000-driver fleet is using electronic logs, with full integration of the technology expected by June.

April 1, 2011
Business

Ryder Orders Heavy-Duty Natural Gas Trucks

Ryder System has ordered 202 heavy-duty natural gas trucks, which it will deploy to southern California later this year.

April 1, 2011
Business, Logistics

Trailer Bridge Reports Fourth-Quarter Loss

Trailer Bridge Inc. reported a fourth-quarter loss of $2.9 million, or 24 cents per share, compared with a profit of $1 million, or 8 cents, a year ago.

April 1, 2011
Business, Fuel

Oil Surges to Top $106 a Barrel

Oil jumped to its highest closing price in two-and-a-half years over $106 a barrel, on concern that the Libyan conflict will prolong production cuts, Bloomberg reported.

April 1, 2011
Business

US 1 Reports Fourth-Quarter Profit

Logistics firm US 1 Industries’ fourth-quarter net income improved to $300,000, or 2 cents a share, from a loss of $2.1 million, or 15 cents, a year earlier.

April 1, 2011
Business, Logistics

Intermodal Traffic Rises 5.7% for Week

Intermodal traffic rose 5.7% last week compared with the same week a year ago, the Association of American Railroads reported.

April 1, 2011
Business

Daimler Raises North American Truck Sales Estimate

LOUISVILLE, Ky. — Daimler Trucks raised its estimate for 2011 industrywide sales of Class 6-8 trucks in North America to a gain of 30% to 35% over last year, to 286,000 trucks, company executives said.

March 31, 2011