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

Oil Finishes Week Above $145 a Barrel

Oil finished a week of all-time highs by closing at a record of more than $145 a barrel on the New York Mercantile Exchange, Bloomberg reported Thursday.

July 3, 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, Government, Equipment

Michelin Boosting U.S. Tire Prices

Tire maker Michelin & Cie. is boosting commercial truck replacement tire prices by as much as 8% in North America, Bloomberg reported.

July 2, 2008
Business

West Coast Port Talks Continue Past Deadline

Talks are continuing past a contract deadline for a contract covering 26,000 dockworkers at West Coast ports, the Los Angeles Times reported Wednesday.

July 2, 2008
Business

U.S. Xpress Names President of TL Unit

U.S. Xpress Enterprises said Wednesday it named John White president of U.S. Xpress Inc., the corporation’s flagship truckload carrier.

July 2, 2008
Government, Business, Safety

Letters to the Editor: Speed Limiters, Driver Culture, Don't Involve Feds

Hey, no problem — go ahead and limit the speed. That’s what you would expect from a socialist country. The truckers will simply move south — to a free country.

July 2, 2008
Business

Penske Automotive Buys Stake in Truck-Leasing Venture

Penske Automotive Group bought a 9% stake in Penske Truck Leasing Co. from a General Electric Co. unit for $219 million, Bloomberg reported.

July 2, 2008
Fuel, Business, Government

Truckers Protest in England, India

Truckers protested high fuel prices in London and in India Wednesday, blocking streets and parking rigs, Bloomberg reported.

July 2, 2008
Business, Government

ArvinMeritor Forecasts Higher 3Q Sales

ArvinMeritor Inc. said Wednesday that its fiscal third-quarter sales will rise as much as 20% to $2 billion on higher demand in Asia and South America, and for military products in North America.

July 2, 2008
Business, Fuel

Oil Closes at Record Just Short of $141 a Barrel

Oil closed at a record just short of $141 a barrel on Tuesday, following an International Energy Agency report said supplies may lag behind demand for the next five years, Bloomberg reported.

July 1, 2008
Fuel, Business, Government

Auto Sales Plunge, Led by Decline in Pickups, SUVs

Three major automakers reported their June sales plunged as fuel prices reached record levels, Bloomberg reported Tuesday.

July 1, 2008