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

March Truck Sales Rise 33%

U.S. truck makers sold 17,308 Class 8 trucks in March, a 33% increase from the same month last year, but the news comes as several potentially troubling signs have appeared.

April 16, 2012
Business

Truckload Driver Turnover Rate Dips

Driver turnover rates for truckload carriers unexpectedly dipped at the end of last year, but the American Trucking Associations economist who runs the survey characterized the shift as a temporary reprieve rather than a durable change in trend.

April 16, 2012
Business

Delay in Passing Transport Funding Bill May Spark Credit-Rating Crisis, S&P Says

Standard & Poors is warning that Congress failure to pass a long-term transportation funding bill could provoke a credit-rating crisis similar to the one last summer when Congress balked at raising the nations debt ceiling.

April 16, 2012
BusinessLogisticsAutonomous

Capacity Expansions Among In-House Fleets to Be a Key Topic at NPTC Annual Meeting

The president of the National Private Truck Council said the 2012 Education Management Conference & Exhibition will include a focus on corporations expanding the capacity and capabilities of their in-house fleets.

April 16, 2012
BusinessGovernmentSafetyTechnologyAutonomous

U.S. Safety Agencies Appear Stalled Again in 18-Year Drive for Rail-Crossing Rule

For 18 years, regulators have been wrestling with a congressional mandate to issue a rule prohibiting trucks from proceeding into railroad crossings unless there is adequate space on the other side to avoid getting trapped on the tracks.

April 16, 2012
Business

Daimler Recalls Trucks

Daimler Trucks North America announced a recall of up to 8,747 recently built Freightliner Cascadia trucks and Western Star 4900s for possible seat problems and 1,000 Cascadias and Business Class M2s for possible steering wheel problems.

April 16, 2012
BusinessFuel

Diesel Inches Higher to $4.148, After 12th Increase in 14 Weeks

U.S. retail diesel prices rose 0.6 cent a gallon to $4.148 last week, the Department of Energy reported. Although the increase was small, it still caused fleet managers to express great concern as the national average hit the highest level since Aug. 18, 2008.

April 16, 2012
Business

J.B. Hunt Reports Record 1Q Income

J.B. Hunt Transport Services reported record earnings for its first quarter as all four business segments generated higher revenue.

April 13, 2012
Business

Volkswagen Boosts Stake in MAN

German truck maker MAN SE said Volkswagen AG has boosted its majority stake in the company to 73% of its common shares, Reuters reported Friday.

April 13, 2012
BusinessLogistics

Intermodal Traffic Rises 1.1% for Week

U.S. intermodal traffic rose 1.1% in the first week in April compared with a year ago, the Association of American Railroads said.

April 13, 2012