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.

FuelBusinessTechnology

inthinc Launches Web-Based Driver Scorecard

Telematics provider inthinc Technology Solutions Inc. said it launched a Web-based portal for its driver performance-rating product.

March 14, 2011
BusinessTechnology

ZoomSafer Raises More Private Capital

ZoomSafer, a Reston, Va., company that makes software to prevent mobile-phone use by drivers behind the wheel, said it raised $1.1 million from White Birch Capital and SugarOak Holdings.

March 14, 2011
BusinessFuel

Oil Falls to Two-Week Low Under $100

Oil fell to a two-week low Monday to less than $100 a barrel in part due to concerns that Japan’s big earthquake Friday will hurt growth and reduce fuel demand in that country’s economy, the world’s third-largest, Bloomberg reported.

March 14, 2011
Business

UPS, FedEx Suspend Some Japan Service Due to Earthquake

UPS Inc. and FedEx Corp. suspended some package-delivery service in and around Tokyo because of Japan’s earthquake Friday, while several truck and auto makers scrambled to assess the damage in that country, Bloomberg reported.

March 14, 2011
EditorialBusinessFuel

Out-of-Control Fuel Prices

Fuel prices have now jumped so high that we all need to pay close attention. Not that we can do much about these skyrocketing prices, except pay and grumble.

March 14, 2011
Business

Navistar to Adopt Engine with Opposing Pistons

Truck and engine maker Navistar Inc. has taken a new tack in its drive to offer new motors, joining a company that had developed a radical design that it says offers fuel efficiency and weight improvements.

March 14, 2011
Business

Trucking Adds 11,200 Jobs During February, Labor Says

The U.S. economy added 192,000 jobs in February, including 11,200 in trucking, the largest monthly gain for the industry since 1995, the Department of Labor reported.

March 14, 2011
GovernmentBusinessSafety

Inspectors Gain Additional Authority to Inspect Hazmats Under New Rule

The Pipeline and Hazardous Materials Safety Administration said a new federal rule will expand the enforcement authority of federal regulators to conduct “enhanced inspections” and investigations of packaged hazardous materials.

March 14, 2011
BusinessGovernmentSafety

Agencies Duplicated Inspections, GAO Says

The Federal Motor Carrier Safety Administration and the Transportation Security Administration have conducted several dozen overlapping fleet inspections, according to a recent Government Accountability Office report about wasteful and duplicative federal programs.

March 14, 2011
Business

IdleAir Execs Defend Idle-Reduction Product After Criticism From TravelCenters CEO

Executives of IdleAir, a truck stop idle-reduction equipment operator, defended their service after sharp criticism from the company’s former largest landlord.

March 14, 2011