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.

Business

Trucking Jobs Increase Slightly During March, Labor Dept. Says

Trucking employment rose slightly during March, the U.S. Labor Department reported, amid growing signs that job growth could accelerate in months ahead as the United States emerges from the recession. 

April 12, 2010
Business

Class 8 Truck Orders Jump 21% as OEMs Predict Solid Growth

Orders for new Class 8 trucks in March jumped 21.1% over year-ago levels and surged 35.9% over February’s total as business levels continued to lap 2009’s anemic pace, said FTR Associates.

April 12, 2010
Business

Southern California Ports Are Losing Cargo to Other Facilities, Supply Chain Execs Say

The ports of Los Angeles and Long Beach, Calif., are losing discretionary cargo to other West Coast facilities and face increasing competition from East Coast locations, as well as Canada and Mexico, supply chain executives said.

April 12, 2010
Business

DOT Rejects Pa.’s Request to Put Tolls on Interstate 80

The federal government last week again rejected Pennsylvania’s request to toll Interstate 80, forcing officials there to revise their long-term infrastructure program.

April 12, 2010
Business, Government, Safety, Technology, Equipment

FMCSA Delays CSA 2010

The Federal Motor Carrier Safety Administration said last week it is pushing back the start of its new safety monitoring system, CSA 2010, until late this year, to give itself time to respond to criticisms and suggestions, and give fleets time to fix safety deficiencies.

April 12, 2010
Business, Fuel

Diesel Average Climbs Above $3 After 7.6¢ Increase

The average price of retail diesel across the nation rose 7.6 cents to $3.015 a gallon last week, topping the $3 mark for the first time in 17 months, according to the Department of Energy. 

April 12, 2010
Business

Total Transportation Services Changes Name, Relocates

Total Transportation Services has changed its name to TTS and moved its offices to Frisco, Texas, the company said.

April 9, 2010
Business

Jacobson Cos. Acquires Seattle 3PL Firm

JHCI Holdings Inc., parent of the third-party logistics provider Jacobson Cos., said it acquired Global Transportation Services Inc., a Seattle 3PL that provides international logistics services.

April 9, 2010
Business, Fuel

Oil Falls Below $85 a Barrel

Oil fell almost 50 cents Friday to close the trading day below $85 a barrel for the first time this week, Bloomberg reported.

April 9, 2010
Business

Express-1 CFO Resigns

Express-1 Expedited Solutions said Chief Financial Officer David Yoder has resigned, the St. Joseph, Mich., company said.

April 9, 2010