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

ODFL Names Greg Gantt Chief Operating Officer

Old Dominion Freight Line said Tuesday it promoted Greg Gantt to be its chief operating officer.

July 5, 2011
BusinessTechnology

ALK Offers Enhanced PC Miler

ALK Technologies Inc. said it has released its PC Miler 25 product line with new features, such as estimated arrival and departure times, to help users’ compliance with delivery schedules.

July 5, 2011
BusinessFuel

Oil Holds Under $95 a Barrel

Oil traded near the lowest in two days as China signaled it may step up efforts to cool its economy, tempering fuel demand in that country, Bloomberg reported Tuesday.

July 5, 2011
Business

May Truck Tonnage Rises 2.7%

American Trucking Associations’ truck tonnage index rose 2.7% in May, the 18th consecutive year-over-year increase, but the growth rate fell to its slowest pace since February 2010 as U.S. economic growth flagged.

July 4, 2011
Business

OEMs Face Parts Shortages as Demand for Trucks Surges

Heavy-duty truck manufacturers said they are experiencing rolling components shortages as suppliers who survived the recession struggle to keep up with the unexpectedly rapid surge in demand for new trucks.

July 4, 2011
Business

Facilities Focus on Safety, Health Concerns in Response to an Increase in Female Drivers

As the number of women truck drivers increases, truck-stop operators say they are adding services that are meant to allay concerns about safety, cleanliness, health and respect that often trouble their female customers.

July 4, 2011
EditorialBusiness

A Positive Problem

It’s sort of a good problem to have, shortages. It’s a problem that means times are good. Suppliers of components that go into Class 8 trucks say they’re barely able to keep up with demand, as truck manufacturers shift into high gear to meet carriers’ desire to replace their aging vehicles.

July 4, 2011
Business

Bill Would Mandate Bond of $100,000 for Brokers

An anti-fraud bill introduced in Congress would raise the freight broker surety requirement to $100,000 and mandate that motor carriers who broker freight loads obtain separate broker authority.

July 4, 2011
Business

Used Heavy Truck Sales Drop

Sales of used Class 8 trucks fell 20.4% in May from the same month last year, while prices jumped 5% from April, because of low inventories, numerous sources said.

July 4, 2011
BusinessLogisticsEquipment

May Orders for New Trailers Rise 30%

Orders for new trailers in May increased 30% from a year ago but slipped from an April peak, although manufacturers said the market remained strong, with total orders through May 77% ahead of 2010 and with a growing backlog of deliveries.

July 4, 2011