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.

GovernmentBusiness

NTSB Wants 10-Year Driving Records for New Truck, Bus Drivers

The National Transportation Safety Board wants trucking companies to gather 10 years of driving records for newly hired drivers — an increase from the current three years that the board said does not allow carriers to make informed hiring decisions.

June 6, 2012
Business

1Q Productivity Decline Revised Downward

U.S. workers’ first-quarter productivity fell more than originally estimated, the Labor Department said Wednesday.

June 6, 2012
BusinessLogistics

Echo Global Logistics Buys Mass. Truckload Carrier

Echo Global Logistics said it acquired Plum Logistics LLC, a refrigerated truckload carrier and transportation brokerage company based in Wakefield, Mass. Terms were not disclosed.

June 6, 2012
GovernmentBusiness

N.Y. Thruway Considers Boosting Truck Tolls by 45%

The New York State Thruway Authority may raise truck tolls 45% to help refinance its debt and pay for a $1.5 billion highway improvement program.

June 6, 2012
BusinessFuel

Diesel Drops 5.1¢ to $3.846 in Eighth Decline

Diesel fell for the eighth straight week, dropping 5.1 cents to $3.846 a gallon, while gasoline took its biggest decline this year, the Department of Energy reported.

June 5, 2012
Business

Trucks Hauling Water, Sand in Oilfield Operations Subject to HOS Rules, DOT Says

Truck drivers hauling water and sand to U.S. oil and natural gas shale wells cannot extend their daily driving hours by using an exemption targeted for special oilfield service equipment, Bloomberg reported Tuesday, citing the Department of Transportation.

June 5, 2012
Business

ISM Services Index Improves

An index of the U.S. economy’s service sector improved in May, the Institute for Supply Management said Tuesday.

June 5, 2012
Business

Roadrunner Buys Refrigerated Carrier CTW Transport

Roadrunner Transportation Systems said it has acquired Massachusetts-based refrigerated truckload carrier CTW Transport for about $7.5 million.

June 5, 2012
BusinessFuel

Kentucky Gas Tax Increasing 2.4 Cents to 32.3 Cents a Gallon

Kentucky’s gas tax is increasing next month by 2.4 cent to 32.3 cents a gallon due to an automatic tax increase, the Associated Press reported.

June 5, 2012
Business

FedEx Retiring 24 Jets to Cut Costs

FedEx Corp. said it has retired 24 jets to reduce capacity in its U.S. Express division, and will take an $84 million, or 26 cents–per-share, charge in its fiscal fourth quarter that ended May 31.

June 5, 2012