Trucking Business News

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

Fleets Tally Storm Damage, Strive to Resume Deliveries

The trucking industry in the Northeast was scrambling last week in the wake of Hurricane Sandy to assess the damage to fleet facilities and roadways and to determine which customers were ready to accept deliveries.

November 5, 2012
BusinessFuelGovernment

OEMs: 2017 Greenhouse Rule Could Limit Customer Options

CINCINNATI — Truck and engine makers said that meeting the federal government’s greenhouse-gas standards that take effect in 2017 while still complying with the 2010 emissions rule is a difficult challenge and could result in more “hard programming” of engine settings and fewer choices for fleets in their tractors.

November 5, 2012
BusinessLogistics

2012 TT Top 50 Logistics Companies: E-Commerce’s Steep Growth Drives Logistics Strategies

The rapid growth of e-commerce is forcing all kinds of businesses — from retailers and wholesale distributors to manufacturers and import-export companies — to change the way they distribute goods.

November 5, 2012
Business

Navistar to Close Truck Plant, Move Work to Ohio, Mexico

Navistar International Corp. last week announced plans to cut costs by closing its Garland, Texas, plant, a move that affects 900 workers but not the company’s overall manufacturing capacity.

November 5, 2012
BusinessEquipment

Profits at Industry Suppliers Slip as They Report Lower Demand

A number of trucking industry suppliers, led by engine maker Cummins Inc., all reported lower earnings in the third quarter due to falling demand for their products.

November 5, 2012
Business

LTL Carriers Report Mixed Results in 3Q; Con-way, ABF Slide, While Saia Gains

Third-quarter earnings statements of less-than-truckload carriers issued last week generally followed an industrywide pattern of mixed results, with some seeing solid gains in profitability but others reporting significant earnings drop-offs.

November 5, 2012
Business

Fleets Should Expect Rising Premiums for Insurance Coverage, Experts Say

Fleets should expect rising insurance premiums, especially for property/casualty and workers’ compensation lines, executives and insurance brokers said.

November 5, 2012
BusinessLogistics

Study Predicts Far More New Logistics Jobs Than Qualified Workers Over Next 4 Years

U.S. companies are expected to create more than 1 million logistics-related jobs in the next four years, but educational institutions are currently turning out a small fraction of the trained workers that will be needed, a new study shows.

November 5, 2012
BusinessLogistics

IANA, NITL Set Agendas for Annual Meetings; Highlights Include 15 Educational Sessions

The Intermodal Association of North America and The National Industrial Transportation League will hold concurrent meetings later this month as rail/truck freight volumes remain close to the peak year of 2006.

November 5, 2012
BusinessFuel

Diesel Drops 8.6¢ to $4.03; Decline Is Biggest Since Dec. 2008

U.S. average diesel prices dropped 8.6 cents last week, the largest decrease in almost four years, to $4.03 a gallon, the Department of Energy reported. Meanwhile, analysts said they were not expecting any lasting increases in prices as a result of Hurricane Sandy.

November 5, 2012