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

Used Truck Sales Rise as Dealers Buy Aggressively

Used-truck dealers, facing a dearth of late-model, low-mileage vehicles after large fleets drained the market earlier this year, shopped aggressively in August, pushing sales up 55% from year-ago levels, according to industry sources.

October 11, 2010
Business

LTL Sector Outlook Brightens as Rate Hikes Stick, Experts Say

Following recent rate increase announcements by three major less-than-truckload carriers, industry experts said the LTL sector has turned the corner toward profitability, with shipment volumes, tonnage and rates all improving, but not yet soaring.

October 11, 2010
Business

Two Bills Propose Raising Federal Diesel Tax to Improve Highways, Boost Truck Sales

Two bills introduced in the House shortly before Congress adjourned for the midterm elections would raise the federal diesel tax to pay for improved infrastructure or help boost new truck equipment purchases.

October 11, 2010
Business

Most Fleets Postponing Driver Pay Increases Until U.S. Economy Accelerates, Study Says

Most fleets are continuing to steer away from raising driver pay this year, but about 80% of carriers expect they will have to take that step when the pace of the U.S. economic recovery accelerates, according to a new survey.

October 11, 2010
Business, Government

NHTSA Seeks Stricter Rules for Truck Tire Performance

For the first time in 37 years, federal regulators are proposing tougher standards for truck tire performance, including new speed tests.

October 11, 2010
Business

UAW Workers Remain on the Job as Talks With Navistar Continue

United Auto Workers members continue to make trucks and engines for Navistar Inc. even though their old contract expired Oct. 1, both parties said, adding that they are still in active negotiations.

October 11, 2010
Business

ATA Supports Alabama in Sales Tax Dispute

American Trucking Associations has filed court papers backing the state of Alabama in a U.S. Supreme Court case that could determine whether states can charge railroads sales tax on fuel purchases but exempt truckers.

October 11, 2010
Business

Greenbriar to Acquire Dynamex for $210 Million

Dynamex Inc., a package delivery and logistics operator, has agreed to be acquired by private equity firm Greenbriar Equity Group Ltd. for a total of about $210 million, the companies announced on Oct. 1.

October 11, 2010
Business, Fuel, Autonomous

Diesel Average Jumps to $3 a Gallon

The average cost of U.S. retail diesel climbed 4.9 cents last week to $3 a gallon, the first time trucking’s main fuel has reached that level in more than four months, the Department of Energy reported.

October 11, 2010
Business

TTNews To Close Monday for Columbus Day

Transport Topics Online will be closed Monday for the Columbus Day holiday.

October 8, 2010