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

Navistar Overhauls Lineup of Products and Executives

The extensive overhaul of Navistar’s product and corporate lineup continued last week as top sales executive Jim Hebe retired, more details emerged about new models, and the company agreed to replace three directors to avoid a proxy battle.

October 15, 2012
Business

‘Intense and Energetic’ Michael Card Takes Federation Reins in Las Vegas

CENTRAL POINT, Ore. — After more than a quarter-century of involvement with American Trucking Associations, Michael Card, the eager policy enthusiast from Oregon, is ready to become chairman — and when he takes the top leadership position at the federation, he expects to broaden his list of interests.

October 15, 2012
Business

Trucking Sets New Agenda at ATA’s Annual Meeting

LAS VEGAS — The leaders of the nation’s trucking industry meeting here set their agenda for the next year, led by a drive to continue their efforts to push the federal government to make more changes to the Compliance, Accountability, Safety program.

October 15, 2012
Business

Fleets Must Alter Operations to Attract Younger Drivers

LAS VEGAS — Trucking fleets must accept some blame for the current driver shortage and be willing to adjust their operations in order to attract younger talent, two truckload executives said last week.

October 15, 2012
Business

Industry Group Forms Chassis Pool; Drayage Carrier Buys 1,520 Units

The gradual shift of intermodal equipment control from ocean carriers to truckers advanced last week as an industry group formally created a chassis cooperative and drayage carrier, IMC Companies, purchased 1,520 units for use in an existing pool.

October 15, 2012
GovernmentBusinessTechnologyEquipmentFuel

Oil-Field Specialty Trucks HOS Exemption Should Be Extended to Others, Carriers Say

An hours-of-service waiting time exemption for drivers of “specially constructed” oil-field operations trucks should be extended to include such other oil and gas operations trucks such as those that deliver sand and water, several motor carriers and trade association officials told federal regulators.

October 15, 2012
Business

Class 8 Truck Sales Down 9.1% in September

U.S. truck sales fell 9.1% to 14,491 in September, declining for the first time since December 2009 and ending a streak of 32 consecutive year-over-year increases, WardsAuto.com reported.

October 15, 2012
Business

Audit Criticizes FHWA for Lax Oversight of Federal Highway Grants to States

Federal Highway Administration officials are not consistently meeting their congressionally mandated “stewardship and oversight” re­quirements to closely oversee billions of dollars in federal highway program grants to states, according to a new audit.

October 15, 2012
Business

FedEx Reducing Costs to Increase Its Profits

FedEx Corp. last week aimed to improve profits by $1.7 billion over the next three fiscal years, almost all from cutting costs and streamlining operations at the Express unit.

October 15, 2012
BusinessFuel

Diesel and Gasoline Prices Both Increase

The average retail price of diesel rose 1.5 cents to $4.094 a gallon, the first increase in three weeks, while gasoline jumped 4.6 cents to $3.850, the Department of Energy said after its latest survey of filling stations.

October 15, 2012