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

NLRB Certifies Vote for Teamsters Union to Represent L.A. Drayage Driver Unit

The National Labor Relations Board on April 20 certified the Teamsters union as the bargaining agent for port truckers who are employed by Toll Global Forwarding Holdings in Los Angeles.

April 30, 2012
Business

Rethinking Foreign Costs Spurs Manufacturing in U.S.

Manufacturing is making a comeback in North America, a trend that industry experts say is being driven by a re-examination of the cost of producing and shipping goods from Asia to customers in the United States and Europe — and new supply-chain realities.

April 30, 2012
Business

March Truck Tonnage Rises 2.7%

Truck tonnage grew in March, but by the smallest year-over-year rate since December 2009, rising at a moderate 2.7% pace that is likely to be followed by similar results in the months ahead, American Trucking Associations said last week.

April 30, 2012
BusinessLogisticsEquipment

Trailer Orders Surge Cools, but Manufacturers Stay Busy

New orders for trailers continued at a strong pace in March, despite dropping 30% from a year ago, ACT Research Co., Columbus, Ind., reported, adding that total orders for the first quarter were down just 1% from the strong performance in the first three months of 2011.

April 30, 2012
BusinessFuel

Several Major Truck Stops Install DEF Pumps on Fuel Islands, Chain Executives Say

Executives at three major truck stop chains said that they are installing diesel exhaust fluid pumps on fuel islands at all or most of their locations, which drop costs significantly for truckers, despite the current slow demand.

April 30, 2012
Business

Senate, House Set Conference Panel to Resolve Differences in Highway Bill

The 47-member House and Senate conference committee set up to produce a compromise transportation bill has scheduled its first meeting for May 8, but contentious issues have surfaced already that could delay or sink the effort.

April 30, 2012
Business

U.S. Package Operations Help Boost UPS’ 1Q Earnings

UPS Inc. posted a 6% increase in first-quarter net income, boosted by the performance of its U.S. package operations.

April 30, 2012
GovernmentBusinessSafetyLogisticsAutonomous

Swift Opposes Advocating Heavier Trucks on U.S. Interstates, CEO Moyes Says

MISSISSAUGA, Ontario — Swift Transportation Inc. opposes the trucking industry’s lobbying efforts toward allowing heavier trucks on interstate highways in the United States, the company’s CEO told a gathering of Canadian trucking executives.

April 30, 2012
BusinessAutonomous

Many Fleets Report Gains on Higher Rates, Volumes

Eight of nine publicly traded trucking fleets reporting quarterly earnings last week achieved improved results, relying on either higher rates or volume increases, or both.

April 30, 2012
BusinessFuel

Diesel Falls 4.2¢ to $4.085, Slips Below Year-Ago Level

Retail diesel prices dropped by 4.2 cents a gallon to $4.085 last week — the second straight decline — after hitting the high point for this year, the Department of Energy reported.

April 30, 2012