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

2011 Truck Orders Soar 68.6%; Industry Prospects Seen Bright

Orders for new Class 8 trucks jumped 68.6% last year from 2010, as the year closed with an 11.8% increase in December from a year earlier, according to ACT Research Co.

January 16, 2012
Business

Most Carriers Improve 4Q Earnings, Buoyed by Rate Increases, Freight Growth

Most carriers once again im-proved earnings during the fourth quarter, riding a wave of rate increases and modest but steady freight growth, two trends that are expected to continue in 2012.

January 16, 2012
Business

Fleet Failures Remain Low

Trucking company failures reached the second-lowest level ever during 2011’s fourth quarter, reflecting the industry’s improving financial fortunes, according to a new report.

January 16, 2012
Business

Congress Returns to New Session Facing Transportation Deadlines

As Congress returns to work this week after its extended holiday vacation, members face two deadlines that, if not met, could bring transportation safety programs and construction projects to a halt.

January 16, 2012
BusinessEquipment

Makers Blame Materials Costs, Demand for Rising Tire Prices

Tire manufacturers say that an ongoing shortage of component materials — which is expected to continue through 2012 and beyond — combined with soaring global demand and logistics costs, has driven up costs and led the makers to boost prices for commercial tires.

January 16, 2012
Business

Two New Chassis Pool Options May Offer Relief to Drayage Carriers With Equipment Problems

Two new chassis pool options are emerging for drayage carriers that have been struggling with equipment issues since ocean lines began in 2009 to back away from providing chassis free-of-charge for moving international containers.

January 16, 2012
Business

Graves Says Fuel Taxes Are Better Way to Fund Road Work Than More Tolling

WASHINGTON — U.S. interstate highways are in need of rebuilding and repair, but the use of tolls as a funding source is less efficient than raising the federal fuel tax, said Bill Graves, president of American Trucking Associations.

January 16, 2012
Business

Transport Sector Faces Talent Shortage as Demand for Techs, Engineers Grows

Truck makers and parts suppliers, along with freight carriers and logistics firms, face a shortage of professional and technical talent, transportation industry recruiting specialists said.

January 16, 2012
Business

Trucking Adds 5,100 to Payrolls in December

For-hire carriers added 5,100 new jobs last month, making December the fourth consecutive month in which trucking industry job growth has been positive after slumping late in the summer.

January 16, 2012
BusinessFuel

Diesel Prices on the Rise After Six Weeks of Decline

Retail diesel prices ended six weeks of declines by rising last week for the first time since late November, the Department of Energy reported, as fleet managers said they were bracing for the possible return of $4-a-gallon fuel.

January 16, 2012