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

Consumer Spending Rises in December

Consumer personal spending increased in December for the sixth consecutive month, the Commerce Department said Monday.

January 31, 2011
Letters to the Editor, Business

Letters: Turnpike Speeds, Late Fees, Driver Detention, Trucker GPS Units

While I fully support the Ohio Trucking Association’s stance on limiting speeds to 65 mph or lower, I still am a proponent for same-speed roads because split speeds promote obvious obstacles to safety on the roads.

January 31, 2011
Editorial, Business, Government, Safety, Logistics

Better Days Ahead

A few stories in this edition of Transport Topics illustrate quite well the current state of the national economy.

January 31, 2011
Business

Profits at Truckload Fleets Jump, Propelled By Improving Rates

Profits increased sharply at most of the eight publicly traded truckload carriers that issued earnings reports last week, with gains coming mostly through rate increases rather than volume growth in the uneven, but modestly growing, freight market.

January 31, 2011
Business

PHMSA Proposes New Rule to Govern Wetlines on Tankers

Federal regulators last week proposed a rule to require tank truck carriers who haul flammable liquids to either retrofit their existing tankers to protect their wetlines or install a system to purge product from those lines.

January 31, 2011
Business

Congestion Cost Trucking $33 Billion in 2009 on Wasted Time and Fuel, Study Finds

Trucks account for only 7% of the miles traveled in the nation’s urban areas but they shoulder 29% of the costs that urban traffic congestion produces annually in wasted time and fuel, according to the annual Urban Mobility Report from the Texas Transportation Institute of Texas A&M University.

January 31, 2011
Government, Business

President Calls on U.S. to Upgrade Infrastructure

President Obama said during his State of the Union address that the federal government should “redouble” its efforts to upgrade the nation’s infrastructure, a message met with praise from industry and labor groups.

January 31, 2011
Business, Government

NITL, Retailers Ask Congress for Legislation Repealing Ocean Liners’ Antitrust Immunity

More than two dozen retail and shipper organizations, including the National Industrial Transportation League and the National Retail Federation, have urged congressional leaders to advance legislation that repeals the antitrust immunity that ocean liner carriers have enjoyed since 1916.

January 31, 2011
Business

ATA, Shipping Groups Push for New Hearing to Spotlight Problems With HOS Proposal

More than 30 carrier and shipper organizations, including American Trucking Associations, have banded together to seek a House Committee hearing to spotlight problems with the new federal hours-of-service proposal.

January 31, 2011
Business

DEF Industry Says It Can Meet Rising Demand

Businesses involved in supplying diesel exhaust fluid needed for about 75% of the nation’s newest heavy-duty trucks say they easily will meet the expected 300% increase in demand this year.

January 31, 2011