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

Werner Chairman Stepping Down in May

Clarence Werner, chairman of Werner Enterprises and founder of the carrier, will step down in May, the company said.

February 22, 2011
Editorial, Business

‘Fixing’ the Unbroken

OK, now we’ve said it again: Leave the current hours-of-service rule alone because it has proven its value for promoting safety while allowing the freight transportation industry to continue moving the nation’s freight.

February 21, 2011
Government, Business

Trucking Blasts HOS Plan

ARLINGTON, Va. — The Transportation Department’s new proposed hours-of-service rule is too complex, rigid, and would reduce the productivity of motor carriers, while making highways no safer, trucking industry and trade association executives and truck drivers told federal regulators last week.

February 21, 2011
Business

January Truck Sales Jump 25%, Fueling Optimism in Industry

Truck makers and dealers sold 9,236 Class 8 vehicles in the United States during January, a jump of 25% over January 2010’s pace, but about 2,500 below December’s strong results, WardsAuto.com reported.

February 21, 2011
Business

DOD Says Outsourcing Its Freight Management has Produced a Drop in Transportation Costs

Recent moves by the U.S. Department of Defense to outsource management of freight shipments and put in place a system for handling personal property of military service members appear to be paying off by reducing transportation costs, although some trucking industry officials continue to raise questions about the effectiveness and long-term savings of both programs.

February 21, 2011
Business

Freight Shows More Growth in February Despite Series of Severe Winter Storms

Several February reports appear to indicate that a steadily improving economy holds long-term promise for trucking, despite the negative freight effects of recent winter weather.

February 21, 2011
Business, Fuel

Canada Pushes Ahead With Biodiesel Plan Regardless of Trucking Industry Concerns

The Canadian government announced it is pushing forward with its plan for a national 2% biodiesel mandate, setting July as its implementation date despite truckers’ concerns.

February 21, 2011
Business, Government, Logistics

ATA, L.A. Port File Final Briefs With Court in Dispute on Use of Owner-Operators

Lawyers for American Trucking Associations and the Port of Los Angeles completed filing their written legal arguments last week over the port’s attempted ban on independent owner-operators.

February 21, 2011
Business

Recent Surge in Orders for New Trucks Expected to Slow in 2011, Experts Say

CORAL GABLES, Fla. — The recent surge in heavy-duty truck orders will slow as the buying focus shifts from better-capitalized large fleets to smaller carriers that may not be able to afford as much new equipment, industry experts said.

February 21, 2011
Business

FedEx Lowers 3Q Forecast Due to Weather, Fuel Costs

Severe winter weather, along with rising fuel prices, are taking a toll on some freight companies, prompting FedEx Corp. to reduce its earnings forecast for its current quarter by 25 cents a share.

February 21, 2011