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, Fuel

Oil Finishes at Three-Month High Near $94 a Barrel

Oil rose 72 cents on Thursday, finishing the trading day at a three-month high of $93.82 a barrel following a report of stronger economic growth in China, Bloomberg News reported.

January 10, 2013

Best Trucking Accounting Software 2024

If you’re simply looking for a bookkeeping tool, you can stop reading here, and look no further than QuickBooks. If you’re embracing the notion that trucking accounting goes far beyond that, or want to have a more expansive trucking accounting system of which QuickBooks is a key part, then read on.

Business

LaHood Not on List of White House Cabinet Holdovers

Transportation Secretary Ray LaHood is not among the group of Cabinet officials the White House said would remain on the job in President Obama’s second term, The Hill newspaper reported.

January 10, 2013
Business

Volkswagen Offers to Buy Out MAN to Push Truck Integration

Volkswagen AG will offer to buy out the rest of MAN SE’s shareholders to take full control of the German truck maker, Bloomberg News reported Thursday.

January 10, 2013
Business

Wholesale Inventories Rise 0.6%

Wholesale inventories increased 0.6% in November, the Commerce Department said Thursday.

January 10, 2013
Business

Amazon to Open Distribution Center in N.J.

Amazon.com said it plans to open a 1-million-square-foot distribution center in New Jersey that it expects will create hundreds of jobs.

January 10, 2013
Business

Initial Jobless Claims Rise for Week

Initial jobless claims increased by 4,000 last week, the Labor Department said Thursday.

January 10, 2013
Business, Logistics

Private Equity Firm Acquires American Fast Freight

Private equity firm The Jordan Company said it has acquired American Fast Freight, an ocean freight forwarding company. Terms were not disclosed.

January 10, 2013
Business, Fuel

Diesel to Average $3.87 This Year, DOE Says

Diesel fuel will average $3.87 a gallon this year, the Department of Energy said, raising a previous forecast by 3 cents.

January 10, 2013
Business

DOT Freight Transportation Index Rebounds

The Department of Transportation’s freight transportation services index rebounded in November from October, matching its year-ago level, DOT said Wednesday.

January 9, 2013
Business, Logistics

Port Logistics Group Acquires Pacific Distribution Services

Port Logistics Group said it has acquired Pacific Distribution Services, a warehousing and transportation provider serving the ports of Seattle and Tacoma, Wash. Terms were not disclosed.

January 9, 2013