Trucking Business News

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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.

BusinessEquipment

Used Class 8 Prices Rise as Inventory Tightens

The average price of used Class 8 trucks rose again in March, increasing 6% from February, and buyers accepted higher-mileage vehicles as well, according to ACT Research Co. and retail dealers.

May 9, 2011
BusinessFuel

Gasoline Hits $4 National Average, Lundberg Survey Says

Gasoline’s national average has reached $4 a gallon, about a dime below its all-time high, according to the latest Lundberg Survey of filling stations released Sunday.

May 9, 2011
BusinessLogistics

Trailer Production in March More Than Doubles From 2010

Both orders and factory production of new commercial trailers more than doubled in March, compared with the same month of 2010 and leading to escalating prices and longer wait times, industry officials have said.

May 9, 2011
Business

Industry Groups Blast Bill in Congress that Imposes Truck Size, Weight Limits

WASHINGTON — Trucking industry groups last week criticized a bill introduced by Sen. Frank Lautenberg (D-N.J.) aimed at freezing truck size and weight limits on the 160,000-mile National Highway System, saying it would block increases in truck productivity.

May 9, 2011
GovernmentBusinessSafety

Costly Fees, Red Tape Discourage Drivers from Getting Hazmat Credentials, Hill Told

Multiple security background checks and costly fees have caused the population of truck drivers with Transportation Security Administration hazardous materials endorsements to decline by roughly 1.2 million since 2004, a top American Trucking Associations official told a congressional subcommittee last week.

May 9, 2011
Business

Truck Firms in South Continue to Operate Despite Devastation, Death from Tornadoes

At Boyd Bros. Transportation Inc. in Birmingham, Ala., Chris Cooper, grandson of the founder, has been running the firm from the cab of his pickup truck since one of the most powerful tornadoes on record devastated Tuscaloosa April 27 before reaching Boyd’s office about 55 miles away.

May 9, 2011
Business

Draft of White House Plan Mulls Mileage Tax, New Tolls

A draft of the Obama administration’s transportation reauthorization plan calls for creation of an office within the Federal Highway Administration that would spend six years studying a vehicle-miles-traveled tax to help fund the nation’s surface transportation system.

May 9, 2011
BusinessFuel

Some Fleets Sidestep Fuel Price Escalation by Using Liquefied, Compressed Natural Gas

Bill Malone must have been one of the few people in trucking who could chuckle at the price of diesel one day this spring. It was well over $4 a gallon, but Malone was untroubled because the 18 tractors in the fleet he oversees are fueled with liquefied natural gas.

May 9, 2011
Business

Driver Seat-Belt Use Climbs Above 75% in Medium-, Heavy-Duty Commercial Trucks

Seat-belt use among drivers of medium- and heavy-duty commercial motor vehicles rose in 2010 to 78%, up from 74% last year and the fourth annual increase in a row, according to a new Federal Motor Carrier Safety Administration study.

May 9, 2011
BusinessFuel

Retail Diesel Fuel Average Price Rises 2.6¢ to $4.124 per Gallon

The average retail price of U.S. diesel resumed its upward march last week, climbing 2.6 cents per gallon to $4.124 and sparking renewed attention to fuel surcharge collections.

May 9, 2011