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

Study: States Lack Tools to Justify Transportation Spending

Only 13 states have performance goals and reviews in place to help taxpayers determine if transportation spending promotes such things as safety, mobility, and jobs and commerce, according to a new study being released Wednesday.

May 11, 2010
Business, Fuel

Diesel Rises 0.5¢ to $3.127

Diesel’s increase slowed Monday as it gained a half-cent to $3.127 a gallon, the highest price in more than 18 months, the Department of Energy reported.

May 10, 2010
Business

TransCore Launches Truckload Rate Exchange Program

TransCore has launched a rate exchange program that provides spot market rates from truckload intermediaries.

May 10, 2010
Business

TravelCenters’ 1Q Loss Widens

Truck stop chain TravelCenters of America said Monday it lost $41.2 million, or $2.39 per share, in the first quarter, up from a loss of $18 million, or $1.08, a year ago.

May 10, 2010
Business, Logistics

US 1 Turns First-Quarter Profit

Logistics firm US 1 Industries Monday reported a first-quarter profit of $100,000, compared with a $1 million loss a year ago.

May 10, 2010
Editorial, Business, Safety, Government, Autonomous

Trucks Move America

As you’ve heard it said many times, “Without Trucks, America Stops.” And it’s still true. Unfortunately, the trucking industry’s primary advocate has had to formally remind the Department of Transportation of this salient fact.

May 10, 2010
Business

ATA Image Trailer Visits Association’s Headquarters

ARLINGTON, Va. — American Trucking Associations’ image trailer visited ATA headquarters in late April before rolling to the U.S. Capitol for the Motor & Equipment Manufacturers Association’s Ride ’n’ Drive event for federal officials, staff and the public.

May 10, 2010
Business

Tank Truck Industry Faces Unique Challenges with More Regulations, Expenses, Officials Say

The tank truck industry faces a unique set of challenges that have led to increased regulations, self-imposed safety precautions and higher costs. Industry executives said they are adjusting by embracing new technology, providing additional driver training and re-examining their operations. 

May 10, 2010
Business

California Ports’ Truck Lease-to-Own Deals Merit Investigation, Lawmaker Says

The chairman of a House Transportation subcommittee has vowed to investigate truck lease-purchase agreements between owner-operators and motor carriers who hire the drayage drivers to move cargo at the ports of Los Angeles and Long Beach, Calif.

May 10, 2010
Business

YRC Reports 1Q Loss But Cites Improvement

YRC Worldwide Inc. reported a first-quarter loss of $274.1 million, nearly the same as a year earlier, but the less-than-truckload carrier cited steady progress in reducing operational losses in the most recent period.

May 10, 2010