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

YRC Says It Will Post Profit During Second Half of 2011

YRC Worldwide Inc. expects to earn its first profit from operations since 2007 in the second half of 2011, the less-than-truckload carrier said.

July 25, 2011
Business, Technology

Hirschbach to Use System From StarTrack

StarTrak Information Technologies LLC said truckload carrier Hirschbach Motor Lines Inc. has begun deploying the supplier’s Sentry communications system on refrigerated trailers.

July 25, 2011
Letters to the Editor, Business, Safety, Government

Letters: Surety Bonds, Road Safety

I am writing regarding my opposition to the recent bill in Congress to raise broker surety bonds to $100,000 (“Bill Would Mandate Bond of $100,000 for Brokers,” 7-4, p. 3).

July 25, 2011
Editorial, Business

Rebuilding the Fleet

Class 8 truck sales and orders have continued to outpace the expectations of analysts and company executives, creating a round of hiring at truck plants and a healthy backlog of orders that should keep the plants busy for months to come.

July 25, 2011
Business, Government, Logistics

Judge Orders Review of Deal Between Long Beach Port, ATA

A U.S. District Court in California reopened the nearly two-year-old arrangement that regulates truck environmental standards at the Port of Long Beach, part of the nation’s busiest container complex.

July 25, 2011
Business, Technology

Trimble Agrees to Purchase PeopleNet Communications

Bidding to expand in the freight transportation and logistics markets, software maker Trimble Navigation Ltd. announced July 20 that it is acquiring privately held PeopleNet Communications Corp., the Minnetonka, Minn., provider of motor carrier on-board computing and mobile communications systems.

July 25, 2011
Business, Equipment

New CEO Says Cummins Can Compete Despite Vertical Integration of Trucks

Tom Linebarger, who will become Cummins Inc.’s next chairman and CEO on Jan. 1, said the company is well positioned to meet the competition of North American truck makers offering “vertically integrated” packages of their own trucks and engines.

July 25, 2011
Business, Equipment, Autonomous

Bowes Promoted as Reinhardt Leaves Meritor; Manufacturer Lowers Quarterly Guidance

Truck component supplier Meritor Inc. rearranged its executive positions in the wake of the departure of Chief Operating Officer Carsten Reinhardt, who left the Troy, Mich., manufacturer last week.

July 25, 2011
Business

Spot Market Activity Gaining as Hauling Capacity Tightens

Indications are growing that carriers, brokers and shippers are shifting freight-buying habits to make more use of spot markets and load boards as freight capacity continues to tighten, sources said.

July 25, 2011
Business

Motor Carriers, Shipping Lines Clash on Effectiveness of Chassis-Safety Rules

Two years after truckers won a decade-long battle to win new federally mandated chassis-safety rules, broad disagreement about the effect of those changes remains, marketplace confusion reigns and operational issues are unresolved, according to trucking officials and consultants.

July 25, 2011