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, 2010Trucking 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.
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, 2010CSA 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, 2010April 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, 2010Midyear 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, 2010Groups 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, 2010FMCSA 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, 2010Detroit 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, 2010Diesel, 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, 2010YRC 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.
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