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.

Editorial, Business

Best of the Best

The 2010 edition of the Transport Topics Top 100 For-Hire Carriers shows us just how bad 2009 was for the motor carrier industry, but it also illustrates the recovery that took hold in the first half of this year.

July 26, 2010
Business

Earnings Improve for 7 of 8 Publicly Traded Carriers

Seven of the eight publicly traded motor carriers that reported second-quarter earnings last week reinforced the trend of improved financial results driven by tight capacity, along with modest rate, volume and utilization improvements.

July 26, 2010
Business, Equipment

Cooperation Alters Operations Among Warehouse Users

For more than 15 years, Just Born Inc., the Pennsylvania candy maker of Peeps and of Mike and Ike, transported newly made confections from its Bethlehem plant to two warehouses 75 miles away.

July 26, 2010
Business

UPS Earnings Soar 71% in 2Q; Firm Upbeat for Second Half

UPS Inc. “fired on all cylinders” in the second quarter, boosting profits and firming rates, despite spottiness in the global economic recovery, Chief Executive Officer Scott Davis said July 22.

July 26, 2010
Business

SCR Controls Can Be Skirted Using Water, Navistar Claims

Navistar Inc. attacked competitors’ 2010 engines on two fronts last week, telling environmental regulators that pollution controls on engines using selective catalytic reduction could be easily defeated and telling fleet managers that every gallon of diesel fuel an SCR engine saves will cost at least that much in diesel exhaust fluid consumed.

July 26, 2010
Business, Safety

N.J. Exempts Two-Way Radios From Ban on Driving Using Handheld Devices

Truckers in New Jersey using two-way radios are now exempted from the state’s ban on driving while using handheld communication devices.

July 26, 2010
Business, Safety, Government

HOS Cuts Seen Forcing Supply Chain Changes

Shippers said potential cuts in driving time and total work hours sought by the opponents of the current hours-of-service rule could force costly changes in the supply chain and further tighten capacity.

July 26, 2010
Business, Logistics

Swift Files With SEC to Take Firm Public

Truckload carrier Swift Transportation could be returning to the ranks of the publicly traded trucking companies, according to a registration statement filed last week, a move that could allow the sale of as much as $700 million in stock.

July 26, 2010
Business

Two Largest Shipping Firms to Ditch U.S. Chassis Business

Two more of the world’s five largest shipping companies announced plans to gradually pull out of the U.S. chassis supply business just as new federal chassis safety rules are being implemented.

July 26, 2010
Business

Fleets Raising Driver Pay

The number of fleets that raised driver pay in the second quarter increased sharply, and continuing difficulties in attracting new drivers could spark another round of increases in the third quarter, several industry experts have said.

July 26, 2010