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, Technology

Texas Truckers Have 2 New Electrified Rest Stops

Truckers in Texas now have two more electrified rest stops they can use.

August 1, 2011
Business

Freight Tonnage Jumps 6.8% in June

Freight tonnage carried by motor carriers during June rose by 6.8% over year-ago levels, according to American Trucking Associations, the largest gain in five months and a positive sign amid uncertainty about the U.S. economy.

August 1, 2011
Business, Logistics

Schenker to Shut Sorting Hub In Toledo, Cutting 700 Jobs

Logistics company DB Schenker USA announced that it is closing a domestic freight sorting hub in Toledo, Ohio, and shifting contractors to move its cargo, a step that cost 700 people their jobs.

August 1, 2011
Editorial, Business

Growing Tonnage Levels

The latest tonnage report from American Trucking Associations shows that freight levels in June were 6.8% higher than they were a year ago, the biggest gain in five months.

August 1, 2011
Business

Component Shortages Grow; OEMs Report Supply Problems

Shortages of components for new heavy-duty trucks are growing, leading vehicle manufacturers to cut back their sales forecasts as their backlog of truck orders continues to mount, executives said.

August 1, 2011
Business

ϳԹ Deliveries: Changing Consumer Habits Lead to New Fleet Services

Online shopping and do-it-yourself customers have increased the number of residential deliveries trucking companies make.

August 1, 2011
Business

Three Truck Makers’ Profits, Revenue Soar

Three of the world’s largest heavy-duty truck makers reported significant increases in profits and revenue for the three months ended June 30, with North American results playing a large role in all cases.

August 1, 2011
Business

Welch Returns to YRC to Succeed Zollars as CEO

James Welch, installed last week as CEO of financially challenged YRC Worldwide, freely admits that he carefully considered his “homecoming” for several weeks before accepting the task of turning around a company that lost more than $2 billion between 2008 and 2010.

August 1, 2011
Business, Fuel

ATA Joins Coalition to Defend 2010 Law That Curbs Excessive Oil Speculation

A coalition of oil users that includes American Trucking Associations recently urged congressional leaders to “fully fund and defend” rules in the new financial reform law designed to curb excessive speculation in oil futures.

August 1, 2011
Business

UPS Earnings Exceed $1 Billion In 2nd Quarter

UPS Inc., the largest corporation in North American freight transportation, earned more than $1 billion in net income during the second quarter for the second time since 2007, in spite of the precarious economy.

August 1, 2011