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

February Truck Tonnage Rises 4.2%

U.S. truck tonnage improved from a year earlier for the 15th straight month, enough to allow fleet executives to pursue higher freight rates yet leave them with worries about how global events could hurt the domestic economy.

March 28, 2011
Letters to the EditorBusiness

Letters: EOBRs for Mexico, HOS & EOBR Subsidy, Bogus Letters

If FMCSA can pay for the Mexican trucks to have EOBRs, why not U.S. trucks? Our government is helping out others and yet not putting or keeping the money here in the good old United States of America.

March 28, 2011
Business

Sen. Pryor Says He Opposes DOTs Plan to Finance EOBRs for Use on Mexican Trucks

Sen. Mark Pryor (D-Ark.) is the latest member of Congress to send a letter to Transportation Secretary Ray LaHood expressing his strong opposition to a U.S. proposal to buy electronic onboard recorders for Mexican trucks that will travel within the United States.

March 28, 2011
Business

Truck Makers Backlog Grows to Nearly 100,000, ACT Says

Class 8 truck manufacturers have a backlog of nearly 100,000 units scheduled to be built over the next 12 months, more than double the number of a year ago, because of a substantial increase in orders over the winter, ACT Research Co. reported.

March 28, 2011
Business

Freightliner Unveils Models for Severe-Duty Sector

LAS VEGAS Freightliner Trucks introduced two new severe-duty trucks last week at the 2011 ConExpo/ConAgg construction conference and equipment exhibition here, in a move by Daimler Trucks North America to recapture market share in vocational vehicles.

March 28, 2011
GovernmentBusiness

ATA Remains Poised to File Lawsuit if HOS Rule Is Unchanged, Windsor Says

American Trucking Associations is poised to file a lawsuit against the Federal Motor Carrier Safety Administration if the agency adopts a proposed rule that could cut driver time to 10 hours a day, ATA Chairman Barbara Windsor said.

March 28, 2011
GovernmentBusiness

Senate Bill Creates Infrastructure Bank to Back Transportation Projects

A bipartisan group of U.S. senators recently introduced a bill that would create a national infrastructure bank to issue loans and loan guarantees for transportation and other infrastructure projects of regional and national significance.

March 28, 2011
Business

MATS Expects More Than 71,000 Visitors as Prosperity Draws Truckers to Louisville

In March 1972, Riva Ridge was training to win the Kentucky Derby and Belmont Stakes, Col. Harland Sanders was still making appearances at his Kentucky Fried Chicken empire, Transport Topics reported that the Secretary of Transportation proposed the Busting Road Trust Fund, and a truck tire salesman turned lobbyist hosted the first Mid-America Trucking Show in Louisville, Ky.

March 28, 2011
Business

Caterpillar Enters Vocational Market with Its First-Ever On-Highway Truck

LAS VEGAS Caterpillar Inc., the construction-equipment manufacturer which dropped out of the Class 8 engine market two years ago, entered the on-highway vocational truck market last week with the introduction of the first in a line of Caterpillar-branded severe-service trucks.

March 28, 2011
BusinessGovernmentSafetyAutonomous

Volvo, Union Reach Tentative Deal on New Five-Year Labor Contract

Volvo Trucks North America and the United Auto Workers said they reached a tentative agreement on a new five-year contract for workers at the heavy-duty New River Valley plant near Dublin, Va.

March 28, 2011