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

Existing ϳԹ Sales Rise to Highest Level Since May

Existing home sales rose for a fourth straight month in January, reaching the highest level since May, the National Association of Realtors said Wednesday.

February 22, 2012
BusinessLogistics

Bolt Express Acquires Strike Logistics

Air and ground expedited services provider Bolt Express LLC said it has completed the acquisition of third-party services provider Strike Logistics.

February 22, 2012
BusinessEquipment

Dana’s 4Q, Full-Year Earnings Improve

Component maker Dana Holding Corp. said its fourth-quarter and full-year income both improved, on higher vehicle production and acquisitions.

February 21, 2012
BusinessFuel

Oil Shoots Past $105 a Barrel

Oil closed at a nine-month high over $105 a barrel on Tuesday, after finishing every trading day last week over $100, Bloomberg reported.

February 21, 2012
GovernmentBusinessFuel

Maryland Gov. Wants to Apply 6% Sales Tax to All Fuel Purchases

Maryland Gov. Martin O’Malley (D) has sent the legislature his proposal for imposing the state’s 6% sales tax on all motor fuel purchases — a plan that based on today’s prices could add nearly $40 in taxes every time a trucker fills up.

February 21, 2012
BusinessFuel

Cummins Adding 12-Liter Natural Gas Engine

Engine maker Cummins Inc. said its 50-50 joint venture with Westport Innovations has introduced a 12-liter version of its natural gas engine.

February 21, 2012
BusinessLogistics

Expeditors’ 4Q Earnings Slip

Logistics firm Expeditors International of Washington said Tuesday its fourth-quarter profit slipped 4%, citing “irregular demand” in the quarter.

February 21, 2012
BusinessTechnology

iTECH: Smart Phone Apps for Trucking

There were almost 20 times as many transportation applications available for mobile devices in 2011 as there were the year before, technology experts said.

February 21, 2012
BusinessTechnology

FMCSA to Conduct Research on Possible EOBR Harassment

The Federal Motor Carrier Safety Administration said last week it will conduct research surveys of motor carriers, truckers and technology vendors in an attempt to meet a court requirement that electronic onboard recorders are not used to harass truck drivers.

February 21, 2012
BusinessTechnology

Regulators Plan Rules on Speed Limiters, Stability Controls, Drug/Alcohol Database

Federal regulators said they plan to issue proposed rules this year covering stability control systems and speed limiters on heavy trucks, as well as establishing a national drug and alcohol clearinghouse for commercial drivers.

February 21, 2012