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.

Business, Safety, Autonomous

ATA’s Top Lobbyist Lynch to Join Law Firm

Tim Lynch, American Trucking Associations’ top lobbyist, said last week he would leave the federation in July to join a Washington, D.C., law firm’s government affairs department.

June 28, 2010
Business

CSA Training Could Affect Owner-Operators, Some Industry Officials Worry

Some trucking executives said they are concerned that providing additional training to their drivers to meet the federal government’s new safety program may put their independent contractor status at risk.

June 28, 2010
Business, Equipment

April Class 8 Registrations Rise 8%

New U.S. registrations of heavy-duty trucks grew 8.4% in April compared with the same month a year ago, following an 11.3% gain in March, according to R.L. Polk & Co.

June 28, 2010
Business, Autonomous

Midyear Stock Review: Investors Concerned About Durability of Recovery

After improving along with most other equities during the last nine months of 2009, trucking stocks this year have done little more than tread water, with a good run from early February through late April sandwiched between two brief pull-backs by investors.

June 28, 2010
Business, Safety, Government

Groups Seek to Cut Driving Time as Part of Changes to HOS Rules

A coalition of interest groups that has repeatedly succeeded in challenging the Federal Motor Carrier Safety Administration’s hours-of-service rule last week pushed for dramatically cutting the current daily and weekly work-time limits.

June 28, 2010
Business, Safety, Government

FMCSA Sticking to Timeline for Implementation of CSA

WASHINGTON — The Federal Motor Carrier Safety Administration remains “absolutely” committed to the current timeline for rolling out CSA 2010, Administrator Anne Ferro said.

June 28, 2010
Business, Government, Autonomous

Detroit Diesel to Renovate Michigan Facility

Detroit Diesel Corp. said it will spend $194 million to renovate its 72-year-old Redford, Mich., plant, the latest example of truck makers pouring investments into diesel engine facilities to manufacture the complicated new power plants and vertically integrate production.

June 28, 2010
Business, Government, Logistics, Fuel

Diesel, Gasoline Prices Rise

Retail diesel prices reversed course last week, as the national average rose 3.3 cents a gallon to $2.961 after falling 19.9 cents in the five previous weeks, the Department of Energy reported.

June 28, 2010
Business

YRC to Sell Logistics Business to Equity Firm for $37 Million

YRC Worldwide said Friday it has entered into an agreement to sell a portion of its YRC Logistics business to a private equity firm for $37 million.

June 25, 2010
Business

Truck Tonnage Rises 7.2% in May from a Year Ago

Truck tonnage rose 7.2% in May from a year ago, the sixth straight year-over-year increase, American Trucking Associations said Friday.

June 25, 2010