Trucking 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.
Freightliner Unveils Models for Severe-Duty Sector
LAS VEGAS Freightliner Trucks introduced two new severe-duty trucks last week at the 2011 ConExpo/ConAgg construction conference and equipment exhibition here, in a move by Daimler Trucks North America to recapture market share in vocational vehicles.
March 28, 2011ATA Remains Poised to File Lawsuit if HOS Rule Is Unchanged, Windsor Says
American Trucking Associations is poised to file a lawsuit against the Federal Motor Carrier Safety Administration if the agency adopts a proposed rule that could cut driver time to 10 hours a day, ATA Chairman Barbara Windsor said.
March 28, 2011Senate Bill Creates Infrastructure Bank to Back Transportation Projects
A bipartisan group of U.S. senators recently introduced a bill that would create a national infrastructure bank to issue loans and loan guarantees for transportation and other infrastructure projects of regional and national significance.
March 28, 2011MATS Expects More Than 71,000 Visitors as Prosperity Draws Truckers to Louisville
In March 1972, Riva Ridge was training to win the Kentucky Derby and Belmont Stakes, Col. Harland Sanders was still making appearances at his Kentucky Fried Chicken empire, Transport Topics reported that the Secretary of Transportation proposed the Busting Road Trust Fund, and a truck tire salesman turned lobbyist hosted the first Mid-America Trucking Show in Louisville, Ky.
March 28, 2011Caterpillar Enters Vocational Market with Its First-Ever On-Highway Truck
LAS VEGAS Caterpillar Inc., the construction-equipment manufacturer which dropped out of the Class 8 engine market two years ago, entered the on-highway vocational truck market last week with the introduction of the first in a line of Caterpillar-branded severe-service trucks.
March 28, 2011Volvo, Union Reach Tentative Deal on New Five-Year Labor Contract
Volvo Trucks North America and the United Auto Workers said they reached a tentative agreement on a new five-year contract for workers at the heavy-duty New River Valley plant near Dublin, Va.
March 28, 2011U.S. Diesel Average Dips 0.1瞽 in First Decline Since November
U.S. retail diesel prices trickled down last week for the first time in nearly four months, the Department of Energy reported, but analysts said it was unlikely the trickle would start a downward trend at the pumps.
March 28, 2011UTi Worldwides 4Q Profit Rises
Air and freight forwarder UTi Worldwides fiscal fourth-quarter net income jumped to $14.5 million, or 14 cents a share, from $1.5 million, or 2 cents, a year earlier.
March 25, 2011Oil Ends Week Over $105 a Barrel
Oil slipped slightly from this weeks highest closing price in two-and-a-half years but finished the week near that level over $105 a barrel, Bloomberg reported.
March 25, 2011Three Sentenced in Broker Fraud Scheme
Three California men have been sentenced to jail and ordered to pay restitution for a fraud scheme that involved double brokering of trucking loads.
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