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.

Government, Business

Virginia Gov. Wants to Privatize Liquor Sales for Road Money

Virginia Gov. Bob McDonnell (R) wants to take the state out of the retail liquor business by privatizing its system of state-owned stores in order to generate much-needed cash for transportation projects.

July 20, 2010
Business

Housing Starts Fall 5%; Building Permits Improve

Housing starts fell 5% in June following expiration in April of a home sales tax credit, the Commerce Department said Tuesday.

July 20, 2010
Business

Navistar Touts ‘Fluid Efficiency’ in Its EGR Engine

Truck and engine maker Navistar Inc. proclaimed the economical operating efficiency of its products during a Webcast Monday concerning what the original equipment manufacturer called “fluid efficiency.â€

July 20, 2010
Business, Government

Opinion: A Believable Stimulus

With President Obama and the Democratic leadership in Congress pressing for new stimulus legislation — now called a jobs bill — it’s time to pose this question: If we are going to invest federal money in projects with the stated aim of creating jobs, where is it best spent?

July 20, 2010
Business, Fuel

Diesel Dips 0.4¢ to $2.899 a Gallon as Decline Slows

Diesel fell for the fourth straight week and ninth in the past 10, dipping 0.4 cent to $2.899 a gallon, the smallest of its recent declines, the Department of Energy said.

July 19, 2010
Business

Heartland Express’ 2Q Income Dips

Truckload carrier Heartland Express said Monday its second-quarter profit slipped to $16.7 million, or 18 cents a share, from $17.6 million, or 19 cents, a year ago.

July 19, 2010
Business

New North Carolina Rule Limits Truck Idling

North Carolina enacted a new rule last week that places limits on unnecessary idling of heavy vehicles.

July 19, 2010
Business

TT 100: Carrier Execs Remain Cautious About Capacity, Expand Investments in Other Transport Modes

Signs of an economic turnaround have buoyed hopes for a recovery in trucking, although many fleet executives said they remain cautious about adding freight hauling capacity until rates rise enough to cover expected fuel, equipment and regulatory compliance expenses.

July 19, 2010
Business, Technology, Equipment, Safety, Government

Initial 2Q Reports Show Profit Gains as Freight Volumes and Pricing Rebound

Carrier earnings for the second quarter started off on a positive note last week, with truckload carrier Landstar System Inc. reporting a 37% increase in net income and J.B. Hunt Transport Services Inc. announcing a 52% rise in profit.

July 19, 2010
Business

CVSA Says Driver Compliance Matches ’09 Roadcheck Record

Of the drivers pulled over during last month’s Roadcheck 2010, only 4.4% were placed out of service, tying the driver compliance record set in 2009, the Commercial Vehicle Safety Alliance reported.

July 19, 2010