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

ATA Backs Electronic Logging to Monitor Drivers’ Hours

American Trucking Associations is endorsing a federal proposal that trucking companies use electronic logging devices to monitor drivers’ compliance with hours-of-service rules

April 8, 2011
Business

Wholesale Inventories Rise 1%; Sales Fall

Wholesale inventories rose in February while sales fell for the first time in eight months, the Commerce Department said Thursday.

April 8, 2011
Business

Obama Seeks More Funds for Clean-Fuel Fleets

President Barack Obama’s call last week for U.S. companies to add more alternative-fuel vehicles to their fleets did not provide more money for new trucks, but he is seeking funds to aid fleets’ purchases, Bloomberg reported Friday.

April 8, 2011
Business, Logistics

Radiant Logistics Plans Purchase of DBA Distribution Services

Third-party logistics provider Radiant Logistics, Bellevue, Wash., said it agreed to acquire DBA Distribution Services, a Somerset, N.J. air-freight forwarder, for $12 million in cash and debt.

April 8, 2011
Business

Ontario to Review Longer Tractors

The Ontario Trucking Association said it was pleased that the Ontario Ministry of Transportation will begin reviewing whether to permit motor carriers to use longer tractors.

April 7, 2011
Business

UPS Airlines’ Mechanics Ratify Contract

UPS Inc. said its aircraft mechanics represented by the Teamsters union have ratified a new labor contract that runs through Nov. 1, 2013.

April 7, 2011
Business

Jobless Claims Decline for Week

Initial jobless claims fell by 10,000 last week, the Labor Department reported Thursday.

April 7, 2011
Business, Equipment

Class 8 Truck Orders Hit Five-Year High

Class 8 North American truck orders rose to 29,200 units in March, a five-year high, ACT Research said.

April 7, 2011
Perspective, Business

Opinion: Trucking Fights Terrorism

Earlier this year, we were once again reminded that the United States continues to face the possibility of a terrorist attack on our soil, a threat that hasn’t abated in the decade since 9/11.

April 7, 2011
Business, Fuel

Oil Hits New 30-Month High Near $109 a Barrel

Oil rose 49 cents Wednesday to a new 30-month high, closing the trading day at $108.83 a barrel on the New York Mercantile Exchange, Bloomberg reported.

April 6, 2011