Trucking Business News

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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.

BusinessSafety

Truck-Involved Fatality Rate Up 9% in 2010, DOT Data Show

The rate at which fatalities occurred in truck-involved crashes increased 9.4% in 2010 from the previous year’s all-time low, according to an analysis of Department of Transportation mileage data made public last week.

March 12, 2012
Business

Truckload Leaders Urge Changes in Assessing Value of Loads

KISSIMMEE, Fla. — The increasing need to conserve driver hours, coupled with the spread of electronic onboard recorders and analytical tools, are driving more fleets to adopt a new yardstick, revenue per hour, to measure productivity, industry officials said.

March 12, 2012
Business

Daimler Recalls 110,000 Trucks to Fix Defect in Detroit Diesel Engines

Daimler Trucks North America said it was recalling all 110,000 of its 2006-2013 Freightliner, Western Star and Sterling trucks equipped with Detroit Diesel 13-, 15- and 16-liter engines to fix a defect the National Highway Traffic Safety Administration said could cause accidents, fuel leaks and fires.

March 12, 2012
Business

Navistar Blames 1Q Loss on Costs for Engine Repairs

Truck producer Navistar International Corp. reported a loss of $153 million for its fiscal first quarter, attributing $112 million of the loss to costs of repairing faulty engines, including initial models of its 2010 technology engines.

March 12, 2012
GovernmentBusiness

January Sales of Used Class 8 Trucks Decline

Wholesale used Class 8 truck dealers have seen more of a drop-off in their business than retailers and auctioneers because of the difficulty of getting product, but the used truck market could get some relief from trade-ins resulting from burgeoning new truck sales, according to ACT Research Co. and some dealers.

March 12, 2012
BusinessAutonomous

EEOC Sues Celadon Over Disqualifying Drivers for Disabilities Found During Physical Exams

Celadon Trucking Services Inc.’s practice requiring pre-employment physical exams for drivers is the subject of a new lawsuit, in which the federal government said the exams violate a federal law prohibiting discrimination related to certain disabilities.

March 12, 2012
BusinessFuel

Diesel Gains 4.3¢ to $4.094 a Gallon

Retail diesel prices advanced an additional 4.3 cents a gallon to a national average of $4.094 last week, a level not seen in 10 months, the U.S. Department of Energy reported.

March 12, 2012
BusinessFuel

Oil Finishes Week Over $107 a Barrel

Oil rose for a third day, finishing the trading day over $107 a barrel for the first time in 10 days, Bloomberg reported.

March 9, 2012
Business

Unemployment Rate Holds at 8.3%; Trucking Adds 10,000 Jobs

The U.S. unemployment rate held at 8.3% in February, and trucking added more than 10,000 jobs, the Labor Department said Friday.

March 9, 2012
BusinessLogistics

Intermodal Traffic Rises 6% for Week

U.S. intermodal traffic rose 6% for the week ended Saturday from a year ago, the Association of American Railroads said.

March 9, 2012