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, Technology, Equipment, Safety

ABF to Buy SCR Trucks for 2010, Exec Says

FORT LAUDERDALE, Fla. — ABF Freight System will use diesel engines with selective catalytic reduction technology starting in 2010, but the less-than-truckload carrier has not decided upon the truck maker it will use.

November 21, 2008

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

Wal-Mart Names New CEO

Wal-Mart Stores Friday said its chief executive officer will retire in February and be replaced by the head of its international division, the Associated Press reported.

November 21, 2008
Business, Safety, Government

Obama Names DOT Transition Team

President-elect Barack Obama has named a five-person group to oversee the transition for the Department of Transportation.

November 21, 2008
Business

Automakers Fail in Bid for Federal Bailout

U.S. automakers left Washington Thursday with no pledge for aid from federal lawmakers to help their plans to return to profitability, the Wall Street Journal reported Friday.

November 21, 2008
Business, Safety

Rail, Intermodal Traffic Fall for Week

Rail and intermodal traffic fell sharply last week from the same week a year ago, the Association of American Railroads said.

November 21, 2008
Government, Business, Fuel

Oil Drops Below $50 a Barrel

Oil fell below $50 a barrel for the first time in almost two years, as recession in the United States, Europe and Japan cut global energy demand, Bloomberg reported Thursday.

November 20, 2008
Business, Government

Philadelphia Manufacturing Index Shrinks

Manufacturing levels in the Philadelphia region contracted this month at the fastest pace in 18 years, the Federal Reserve Bank of Philadelphia said Thursday.

November 20, 2008
Government, Business

Leading Economic Indicators Fall 0.8%

An index of leading economic indicators declined in October for the third time in four months, the New York-based Conference Board said Thursday.

November 20, 2008
Business

Jobless Claims Continue to Climb

First-time unemployment claims rose to the highest level in 16 years last week, the Labor Department said Thursday.

November 20, 2008
Business, Safety, Government

Highway Trust Fund Declines by $3 Billion, DOT Says

The federal highway trust fund took in $3 billion less in fiscal year 2008, as Americans drove 90 billion miles fewer miles over an 11-month period compared with a year ago, the Department of Transportation said late Wednesday.

November 19, 2008