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, Fuel

Diesel Rises 4.9¢ to $3.116 a Gallon

Diesel resumed its recent upward track following a pause last week, rising 4.9 cents to $3.116 a gallon, the highest nationwide pump average in six months, the Department of Energy said.

November 9, 2010
Business

Old Dominion Boosting Rates 4.9%

Old Dominion Freight Line said Monday it will boost its less-than-truckload rates by about 4.9%, beginning Nov. 15.

November 8, 2010
Business

Brown Trucking Buys N.C. Trucking, Logistics Firm

James Brown Contracting has acquired Durham, N.C.-based West Brothers’ Cos. a trucking, logistics and leasing of commercial fleet services in the Southeast. Terms were not disclosed.

November 8, 2010
Business

DHS Tightens Air Cargo Rules

The Department of ºÚÁϳԹÏÍøland Security Monday set new air cargo security rules that ban all cargo from Somalia and Yemen and prohibiting the transport of printer toner and ink cartridges weighing more than one pound on passenger flights, the Associated Press reported.

November 8, 2010
Business

AutoInfo’s Profit Increases in 3Q

Third-party logistics provider AutoInfo said its third-quarter earnings rose to $1.99 million, or 6 cents a share, from $966,000, or 3 cents, last year.

November 8, 2010
Business, Technology

PeopleNet, Trinium Partner to Integrate Products

PeopleNet has partnered with Trinium Technologies to integrate PeopleNet’s communications system with Trinium's software, PeopleNet said.

November 8, 2010
Business

TravelCenters Reports Third-Quarter Profit

Truck stop chain TravelCenters of America Monday reported a third-quarter profit, compared with a loss a year ago, citing an improved margin in fuel price per gallon.

November 8, 2010
Business, Fuel

Oil Hits Two-Year High Near $87 a Barrel

Oil prices are at a two-year high near $87 a barrel after jumping more than $5 last week, Bloomberg reported.

November 8, 2010
Business, Equipment

Manufacturers Raise Truck Tire Prices

North American truck tire manufacturers have imposed a new round of price increases, generally about 8%, citing higher raw material costs that coincided with greater tire sales and some reports of tire shortages.

November 8, 2010
Editorial, Government, Business

A Bipartisan Infrastructure Plan

The voters have spoken, and analysts and pundits are busily trying to explain the shifts in the political landscape that will result from the overwhelming Republican victory.   But one immediate potential gain that emerged from the cacophony of chatter in the wake of the election is a chance to move transportation and infrastructure improvement programs along quickly.

November 8, 2010