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

U.S. Sues Over Oil-Market Manipulation

U.S. commodities regulators have filed a civil lawsuit against two oil traders in Australia and California and three American and international firms over oil market manipulation in 2008, the record-high year for crude prices, the New York Times reported Wednesday.

May 25, 2011
Business

Durable Goods Orders Fall 3.6%

Durable goods orders slid 3.6% in April, the Commerce Department said Wednesday.

May 25, 2011
BusinessEquipment

Yokohama Tire Names New President

Yokohama Tire Corp. named Yasushi Tanaka the company’s new president and CEO, effective June 29.

May 25, 2011
GovernmentBusinessTechnologyEquipment

ATA Cites Qualified Support of EOBR Rule

American Trucking Associations told the Federal Motor Carrier Safety Administration that while it supports the agency’s proposal to require electronic devices to record drivers’ hours of service, it also is urging FMCSA to address important device design and performance requirements.

May 24, 2011
Business

Missouri Suspends HOS Rules for Truckers Aiding Tornado Relief

The Missouri Department of Public Safety has suspended hours-of-service rules for motor carriers rushing to deliver relief supplies to the tornado-battered Joplin, Mo., area.

May 24, 2011
GovernmentBusiness

Maryland to Consider Toll Hikes

The Maryland Transportation Authority will consider toll increases at its June 2 meeting that could double rates by 2013 for trucks on seven of the state’s eight tolled facilities.

May 24, 2011
GovernmentBusiness

Cargo Tank Maintenance Proposal Costly, Tank Truckers Say

A proposal to outsource regulatory requirements for the manufacture and maintenance of cargo tanks to a pair of professional organizations would impose a costly financial burden on the cargo tank industry, several industry commenters told federal regulators.

May 24, 2011
GovernmentBusiness

Builders, Unions Set to Rally, Lobby for New Highway Bill in Washington

More than 400 contractors, materials suppliers and engineers are expected to rally in Washington Wednesday and to lobby Congress for a new highway bill to replace the one that originally expired in September 2009.

May 24, 2011
BusinessFuel

Diesel Drops 6.4¢ to Below $4 a Gallon; Gasoline Falls 11.1¢ to $3.849

Diesel took its biggest drop in a year, declining 6.4 cents to $3.997 a gallon, while gasoline dropped by more than a dime, the Department of Energy said.

May 24, 2011
Business

TravelCenters to Sell 10 Million Shares in Secondary Offering

TravelCenters of America, the nation’s only major truck stop chain that is publicly traded, announced a secondary offering of 10 million shares to be priced at $5.69 each.

May 24, 2011