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

Wal-Marts Vow to Buy More Local Produce Wont Affect Supply Chain, Experts Say

Wal-Mart Stores Inc.s vow to double sales of locally grown produce by 2015 should win favor with U.S. consumers but wont have much effect on the worlds largest retailers supply chain, experts said.

November 8, 2010
Business

Navistar Shows Off Alabama Plant Producing Heavy-Duty Engines

HUNTSVILLE, Ala. Navistar Inc. opened its new heavy-duty engine plant to journalists last week, showing where 114 employees are currently churning out 125 13-liter MaxxForce power plants a day.

November 8, 2010
Business

Officials Want Security Review After Air Cargo Explosives Scare

The recent discovery of explosives in overseas packages is triggering a fresh look at cargo scrutiny measures that could involve truckers and airlines, government officials and experts said.

November 8, 2010
Business

Mack Seeks to Increase Sales of Over-the-Road Class 8 Trucks

LEHIGH VALLEY, Pa. Mack Trucks leadership rallied the companys sales force here, urging dealers to sell more Pinnacle highway tractors in addition to the traditional vocational offerings. The formula for success, the leaders said, would be new ClearTech SCR engines, M-Drive transmissions and a Made in the USA appeal to economic patriotism.

November 8, 2010
Business

Teamsters Approve Plan to Extend YRC Pay Cuts

Teamsters union employees at YRC Worldwide Inc. approved by a wide margin a third round of wage and pension concessions to buoy the less-than-truckload carriers financial future, by providing a $350 million annual cost reduction.

November 8, 2010
Business

ABF Fights Concessions Given by Union to YRC

ABF Freight System launched a two-pronged offensive against Teamsters union labor concessions for YRC Worldwide, saying the breaks for YRC violate the terms of the National Master Freight Agreement and unfairly disadvantage ABF to the tune of $750 million.

November 8, 2010
Government, Business

Mica Set to Lead House Transportation & Infrastructure Panel

The electoral wave that handed control of the House of Representatives to the Republicans also roiled the bodys transportation committee, ousting the panels current chairman and putting Rep. John Mica (R-Fla.) in position to lead the key committee.

November 8, 2010
Business, Fuel

Diesel Price Remains Unchanged at $3.067

The U.S. retail diesel average remained at $3.067 a gallon last week, leaving the price virtually unchanged for three weeks, the Department of Energy reported.

November 8, 2010
Business

Virginia Plans Project to Add Truck Rest Areas on Interstates

Virginia will launch a pilot program this month to convert unused state property next to interstate highways into truck-onlyrest areas, Gov. Bob McDonnell (R) said.

November 5, 2010
Business

YRCs Third-Quarter Loss Narrows

YRC Worldwide said Friday its third-quarter loss narrowed from a year ago, as tonnage improved sequentially from the second quarter.

November 5, 2010