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, Government

Obama Names Nominees for Two DOT Agencies

President Obama named two nominees to lead agencies within the Department of Transportation, the White House said.

April 3, 2009

Best Trucking Management Software Buyer’s Guide

For growing carriers, choosing the right Trucking Management Software (TMS) is vital for the efficiency and growth of your transportation business. As we move into 2024, it's crucial to understand the key features and considerations that make a TMS solution stand out, and which ones play to your unique operation.

Business

Unemployment Rate Jumps to 8.5%

The U.S. unemployment rate jumped to 8.5% in March from 8.1% in February, making it the highest level in 25 years, the Labor Department said Friday.

April 3, 2009
Business, Safety, Government

ISM Services Index Shows Continued Contraction

The U.S. economy’s service sector continued to contract in March, the Institute for Supply Management said Friday.

April 3, 2009
Business, Safety

Intermodal Falls 15.4% for Week

Rail and intermodal traffic both fell last week compared with a year ago, the Association of American Railroads said.

April 3, 2009
Business

Navistar Protests Military Truck-Ordering Plan

Navistar International Corp. has protested to U.S. government officials about the method the Pentagon is using to select providers of mine-resistant all-terrain vehicles to be used by U.S. troops in Afghanistan.

April 2, 2009
Business

Saia Sets New Pay Cuts

Saia Inc. said Thursday it will take new cost-cutting measures to cope with the slow economy and reduced tonnage, including trimming its executives’ pay by 10% and its hourly, linehaul and salaried employees’ pay by 5%.

April 2, 2009
Business, Safety, Government, Logistics

Con-way, TNT Start New Europe-to-U.S. Service

Less-than-truckload carrier Con-way Freight will take over the final leg of express shipments from Europe under a new partnership with Dutch transportation and logistics firm TNT.

April 2, 2009
Business

Jobless Claims Rise; Continuing Claims Reach Record

Initial jobless claims rose by 12,000 last week and continuing claims reached a new record, the Labor Department said Thursday.

April 2, 2009
Business

Jury Backs FedEx in Wash. Overtime Case

FedEx Corp. did not illegally deny overtime pay to contract delivery drivers who said the company wrongly called them entrepreneurs, a Seattle jury decided late Tuesday, Bloomberg reported.

April 1, 2009
Business, Logistics

Pa. Trucking Company Cutting Driver Pay 8.9%

Ward Transport and Logistics Corp. is cutting the pay of its drivers and hourly workers by 8.9%, Pennsylvania television station WTAJ reported on its Web site Tuesday.

April 1, 2009