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, Safety

Truck Tonnage Sees Smallest Drop Since November

U.S. truck tonnage fell 7.5% in August from the same month last year, the best year-to-year showing since November 2008, American Trucking Associations said Friday.

September 25, 2009
Business, Government

New Home Sales Show Slight Gain

New home sales rose 0.7% in August, the Commerce Department said Friday.

September 25, 2009
Business, Government

Consumer Confidence Improves in September

U.S. consumer confidence improved in September, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.

September 25, 2009
Business, Safety, Government

Rail, Intermodal Traffic Fall for Week

Intermodal rail traffic in the United States fell 12.4% last week from the same week a year ago, the Association of American Railroads said in its weekly report.

September 25, 2009
Business

Velocity Express Sets Restructuring Plan

Velocity Express Corp. said Thursday it has set an agreement with private equity firm ComVest Investment Partners III, in which a unit of ComVest would become a majority owner of the package delivery firm.

September 25, 2009
Business

House Approves Three-Month Highway Funding Extension

The House of Representatives this week approved a three-month extension of the federal highway funding law.

September 25, 2009
Business, Government

Durable Goods Orders Fall 2.4%

Durable goods orders dropped 2.4% in August, the worst performance since January, the Commerce Department said Friday.

September 25, 2009
Business, Government, Safety

Opinion: A Year of Changes and Challenges

The old saying, “Time flies,” fits my year as chairman of American Trucking Associations. I remember my phone ringing with the first call from Fred Burns to say I was nominated to vice chairman.

September 25, 2009
Business, Government

Oil Falls Below $66 a Barrel

Oil prices continued their recent slide, falling $3 Thursday to close below $66 a barrel, Bloomberg reported.

September 24, 2009
Government, Business, Safety

FMCSA Nominee Ferro Faces Questions in Confirmation Hearing

Anne Ferro, the Obama administration’s pick to head the Federal Motor Carrier Safety Administration, faced tough questioning in a Wednesday hearing from a key Senator over her trucking industry background, the Associated Press reported.

September 24, 2009