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

Laws Limiting Anti-Indemnification Clauses to Be Trucking’s Primary Focus, Officials Say

Trucking officials said efforts to enact federal legislation protecting carriers from overreaching indemnification provisions in shipper contracts were likely to be the industry’s primary tort reform push in the coming year.

November 29, 2010
Business

Heavy Shipper Use Raises Rates in Spot Market for Truckload Freight

Shippers are making heavy use of the truckload spot market to find freight haulers, leading to more loads and better rates — particularly for flatbed and refrigerated carriers — and worries for brokers who find themselves “under water” on some contracts with shippers.

November 29, 2010
GovernmentBusiness

FMCSA May Lack Enough Time to Revise HOS by Court Deadline, Industry Execs Say

Trucking industry officials said they question whether the Federal Motor Carrier Safety Administration will be able to complete its work on a new hours-of-service rule in time to comply with a court order.

November 29, 2010
Business

October Freight Rises 6%

Freight volume hauled by U.S. trucking companies hit a three-month high in October as it rose 6% from a year earlier, American Trucking Associations said Nov. 22.

November 29, 2010
Business

Chassis Rule Alters Drayage in Ways Unforseen By Fleets

The world of drayage carriers has certainly changed since motor carriers finally convinced the federal government to establish that it was the owners of freight container chassis who are legally responsible for their maintenance. But the change has not at all come in the ways most fleets expected.

November 29, 2010
Business

Trucking Delegation Meets With OMB, Says Wetlines Rule Cost Exceeds Benefit

The costs of a proposed federal rule expected to prohibit the transportation of flammable liquids in unprotected product piping on tank trucks would far outweigh the benefits, a trucking industry delegation told White House officials last week.

November 29, 2010
BusinessFuel

Diesel Average Declines 1.3¢ from Two-Year High to $3.171

The average price of diesel fuel dipped 1.3 cents last week to $3.171 a gallon, below the two-year high of the previous week, despite stronger U.S. and global demand, the Department of Energy said Nov. 22.

November 29, 2010
BusinessLogistics

Intermodal Traffic Increases 10.6% for Week

Intermodal traffic rose 10.6% last week from the same week last year, the Association of American Railroads reported.

November 24, 2010
BusinessGovernmentLogistics

Consumer Confidence Hits Five-Month High

Consumer confidence increased this month, according to the monthly Thomson Reuters/University of Michigan consumer sentiment index released Wednesday.

November 24, 2010
Business

Dynamex Gets Competing Buyout Offer

Logistics and delivery firm Dynamex Inc. has received an acquisition offer for a higher price than the one it accepted last month, it said.

November 24, 2010