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

Highway Trust Fund Hurt by Tax Revenue Losses

Mirroring the devastation the recession wreaked on the trucking industry, revenue from taxes truckers pay to support the nation’s highway system plummeted during the global crisis and has yet to fully recover.

January 23, 2012
Business

DTNA Tells Details of Plans for Drivetrain Unit, Axle Line

MIAMI BEACH, Fla. — Officials of Daimler Trucks North America revealed details about their plans to turn what formerly had been known as Detroit Diesel into an integrated drivetrain brand, offering information on its new axle line and saying it soon would begin selling automated mechanical transmissions.

January 23, 2012
BusinessLogistics

Trucking Industry Legend Don Schneider Dead at 76

Don Schneider, chairman emeritus and former president and CEO of Schneider National Inc. — and one of the nation’s most influential trucking executives — died Jan. 13 in De Pere, Wis., after a long battle with Alzheimer’s disease. He was 76.

January 23, 2012
BusinessGovernmentSafetyAutonomous

Ferro Defends Restart Change, Vows to Pursue 10-Hour Limit

The federal government’s chief truck overseer defended her agency’s controversial changes to the 34-hour restart provisions of the hours-of-service rule and vowed to continue efforts to cut the hours drivers may be behind the wheel.

January 23, 2012
BusinessAutonomous

December Truck Sales Soar 78%

U.S. truckers closed out the year with a surge of heavy-duty truck buying that led to the highest-volume month and highest-volume year since 2006, according to data from WardsAuto.com. Sales boomed 78.3% in December and 59.9% for the year, compared with 2010.

January 23, 2012
Business

Top ATA Attorney Digges Will Retire After 28 Years in Defense of Trucking

Robert Digges Jr., vice president and chief counsel for American Trucking Associations and a top attorney for ATA’s Litigation Center, is retiring from his post effective Jan. 27, ATA announced last week.

January 23, 2012
Business

FedEx, UPS Seen Gaining Delivery Business From Planned U.S. Postal Service Cutbacks

FedEx Corp. and UPS Inc. could see more business if the U.S. Postal Service closes more than half of its 478 processing centers, eliminates Saturday deliveries and slows first-class delivery to two to three days from one to two days, said sources who closely monitor postal cargo operations.

January 23, 2012
Business

STB Revises Ruling on Consumer Options When Movers Damage Goods in Transit

The Surface Transportation Board has revised a year-old decision that was meant to enhance consumer awareness of damage-protection options when they use household goods carriers.

January 23, 2012
BusinessFuelGovernment

Diesel Rises 2.6¢ to $3.854 as Iran Threats Push Oil Up

Retail diesel prices increased for the second week in a row, rising 2.6 cents to $3.854 a gallon, the Department of Energy reported last week.

January 23, 2012
Business

Heartland’s 4Q, Full-Year Income Improve

Heartland Express said its fourth-quarter net income rose $17.1 million, or 20 cents per share, from $15.4 million, or 17 cents, a year ago.

January 20, 2012