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

Purchases of Classes 4-7 Vehicles Rise 23.8% in June

U.S. retail sales of Classes 4-7 trucks totaled 12,819 units in June, 23.8% more than the 10,356 units sold in June 2010, WardsAuto.com reported.

July 26, 2011
GovernmentBusiness

NTSB Issues Cargo Tank Rollover Recommendations

The National Transportation Safety Board Tuesday issued a slate of regulatory recommendations aimed at reducing the number of cargo tank truck rollovers.

July 26, 2011
BusinessTechnologyEquipmentSafety

Bendix to Buy Iteris’ Vehicle Sensors Business for $14 Million

Bendix Commercial Vehicle Systems said late Monday it will acquire Iteris Inc.’s vehicle sensors business, including Iteris’ lane departure warning system.

July 25, 2011
Business

James Welch Named CEO of YRC Worldwide

YRC Worldwide said it has named transportation industry veteran James Welch its new CEO, effective immediately, following the company’s restructuring.

July 25, 2011
Business

Eaton’s 2Q Profit Rises 47%; Truck Segment Posts Record Sales

Truck and auto components maker Eaton Corp. said Monday its second-quarter profit rose 47% as its truck unit’s sales rose to a quarterly record.

July 25, 2011
Business

FAA Funding Stalemate Halts Airport Construction Projects, Furloughs Workers

Dozens of airport construction projects around the country are on hold and thousands of workers are furloughed because Congress has not passed legislation to keep the Federal Aviation Administration operating, the Associated Press reported Monday.

July 25, 2011
Business

Pa. Turnpike’s Cash Fares to Rise; Commercial Hauler Discount Will End

Cash fares will rise 10% on the Pennsylvania turnpike in 2012, but tolls will remain the same for E-ZPass users.

July 25, 2011
Business

CARB Approves $40 Million for Clean Vehicles

The California Air Resources Board approved up to $40 million to promote the purchase of next-generation clean cars and trucks in the third year of its Air Quality Improvement Program.

July 25, 2011
Business

Qualcomm Earns $1.03 Billion in Fiscal 3Q

Qualcomm Inc., a maker of trucking communication devices and wireless chips, said fiscal third quarter income rose to $1.03 billion, or 61 cents per share, on revenue of $3.62 billion.

July 25, 2011
BusinessFuel

Canada Formally Issues Biodiesel Mandate

The Canadian government formally published a regulation July 20 mandating a 2% biodiesel blend in most provinces.

July 25, 2011