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

Caterpillar Posts $1.7 Billion Profit, Lowers Outlook

Heavy equipment maker Caterpillar Inc. reported a $1.7 billion third-quarter profit, up 49% from the same quarter last year, and lowered its full-year earnings outlook.

October 22, 2012
Business

Cross-Border Trucking Program Going to Court

A three-judge panel of the U.S. Circuit Court of Appeals for the District of Columbia has agreed to hear oral arguments in December from a pair of federal lawsuits challenging the U.S.-Mexico cross-border pilot trucking program.

October 22, 2012
Letters to the EditorBusiness

Letters: ‘Good Stuff’ Awards

Thank you for continuing the legacy of my late uncle, Mike Russell. I always get goose bumps when I see his name mentioned, even six years after his untimely passing.

October 22, 2012
Business

3Q Fleet Failures Rise Slightly; Analyst Sees Danger in Used Truck Prices

Truck fleet failures rose in the third quarter from a 25-year low but the total remained relatively small, according to a new Avondale Partners report, which warned that closures could rise if freight demand falls.

October 22, 2012
Business

Wal-Mart Joins Retail’s Rush to Same-Day City Delivery

A push by retailers to provide faster delivery of goods purchased online is stimulating demand for same-day delivery and investments in new companies.

October 22, 2012
Business

Medium-Duty Buys Rise 5.9% in September

Medium-duty U.S. retail truck sales increased 5.9% in September from a year earlier, as Classes 4-5 surged, but Class 6 sales slumped, WardsAuto.com reported.

October 22, 2012
BusinessLogistics

Menlo Awarded Contract Extension from DOD for Outsourcing Military Freight Shipments

The U.S. Transportation Command said it has awarded Menlo Worldwide Logistics a one-year extension on its contract to outsource military freight shipments nationwide.

October 22, 2012
BusinessTechnology

Officials Predict More Efficiency Gains as Onboard Truck Technology Matures

LAS VEGAS — The rapid progression of onboard technology has transformed the trucking industry, and new advances will continue to drive efficiency, technology executives said.

October 22, 2012
Business

Many Regs Are Playing Role in Driver Shortage, Executives Say

LAS VEGAS — While experts have pointed at the government’s new safety program as a major contributor to the growing truck driver shortage, two executives who spoke here during American Trucking Associations’ annual meeting said other lower-profile measures are also playing roles.

October 22, 2012
Business

Soft Demand, Rising Costs Hit Earnings of Truckload Carriers in Third Quarter

The initial round of third-quarter earnings reports from four publicly traded trucking companies reflected weakness, triggered by softer freight demand, rising fuel costs and higher expenses related to the driver shortage.

October 22, 2012