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

Bendix Begins Brake Fix

TAMPA, Fla. — Bendix Commercial Vehicle Systems said it has distributed the first of more than 130,000 kits to fix a defective brake-system valve, but said the process could take about six months to complete as manufacturers, dealers and fleets scramble to repair more than 67,000 affected U.S. and Canadian trucks.

February 27, 2012
BusinessEquipmentAutonomous

2011 Class 8 Fleet Declines Despite Jump in Registrations

The total U.S. Class 8 fleet dropped 2.1% in the 4th quarter of 2011 compared with the last quarter of 2010, as fleets continued to squeeze out their oldest trucks to bring freight capacity more into alignment with available loads, according to R.L. Polk & Co.

February 27, 2012
BusinessSafetyAutonomous

TMC Leader Lee Long Aims to Broaden Appeal of Truck Technical Careers to Younger Students

TAMPA, Fla. — Lee Long, the maintenance director of Southeastern Freight Lines and new chairman of American Trucking Associations’ Technology & Maintenance Council, said his biggest interest is drawing more people into work as heavy-duty technicians.

February 27, 2012
BusinessLogisticsAutonomous

Industry Leaders, Family, Friends Pay Tribute to Don Schneider During Memorial Service

Trucking industry leaders, company associates and family members paid tribute to Don Schneider, the former president and CEO of Schneider National Inc., in a memorial service attended by an estimated 700 people at St. Norbert College in De Pere, Wis., on Feb. 15. Schneider died in January after a long battle with Alzheimer’s disease.

February 27, 2012
Business

Navistar to Pay Penalty on 13-Liter Engines That Were Sold But Didn’t Meet 2010 Rules

The Environmental Protection Agency has formally granted Navistar Inc. approval to pay up to a $1,900 penalty for each new heavy-duty engine it produces that is not compliant with 2010 federal emissions standards, the agency confirmed last week.

February 27, 2012
BusinessFuel

Diesel Average Up 1.7¢ to $3.96

The price of retail diesel rose last week for the fourth consecutive time, edging up 1.7 cents a gallon to $3.96, the U.S. Department of Energy reported.

February 27, 2012
BusinessFuel

Oil Ends Week Over $109 a Barrel

Oil extended its longest rally in two years, rising to finish the trading week over $109 a barrel, Bloomberg reported.

February 24, 2012
Business

Universal Truckload’s 4Q Profit Improves

Universal Truckload Services reported higher fourth-quarter and full-year profits on higher truckload revenue.

February 24, 2012
Business

Pa. Truckload Carrier Atkinson Freight Shuts Doors

After battling rivals and rising costs for years, Northeast regional truckload hauler Atkinson Freight Lines has shut its doors.

February 24, 2012
Business

Postal Service Plans to Close Centers, Cut Jobs to Rein in Costs

The U.S. Postal Service said it will close or consolidate 223 mail processing centers and eliminate up to 35,000 jobs as part of a cost-cutting strategy, Reuters reported Friday.

February 24, 2012