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, Safety, Fuel, Government, Autonomous

Industry Opposed to Quick Implementation of Clean-Truck Plan at Port of N.Y./N.J.

A new diesel-emissions-reduction program at the Port of New York and New Jersey that will ban pre-1994 trucks beginning in 2011 will be costly and burdensome for motor carriers and comes at a time when fleets are reeling from the recession, state trucking officials said.

March 22, 2010
Business, Safety, Government, Fuel

Transport Policy Should Modernize Freight, Reduce Diesel Emissions, Report Suggests

Congress should include comprehensive funding policies in the upcoming transportation reauthorization bill both to modernize freight transportation and reduce diesel emissions, an environmental group said in a report last week.

March 22, 2010
Business, Government, Safety

Industry Hails UCR Board Vote to Delay Collection of 2010 Fees

Industry groups and some state governments hailed the decision blocking all states from collecting Unified Carrier Registration fees until the federal government sets fee levels for 2010, but other states said the move could hamstring their safety programs.

March 22, 2010
Business, Government, Safety, Equipment, Autonomous

February Truck Sales Rise 19.1%

Manufacturers and their dealers sold 19.1% more big trucks in February than they did a year earlier, marking the second consecutive month in which Class 8 sales beat their year-ago totals, according to WardsAuto.com.

March 22, 2010
Business, Autonomous

Truckload Fleets Recruit Drivers as Capacity Begins to Tighten

Many truckload fleets have almost overnight found themselves in a mini driver shortage, as demand for freight-hauling capacity is suddenly climbing in some markets and carriers expecting better times seek to put more trucks on the road.

March 22, 2010
Business, Government, Safety, Equipment, Autonomous

Many Buyers of New Trucks Face Penalties at L.A. Port

The owners of more than two-thirds of the 2,200 new Class 8 trucks bought with the assistance of $20,000 each in Port of Los Angeles grants face financial penalties because their trucks will not make the required 300 gate moves during their first year of operation, port officials said.

March 22, 2010
Business, Fuel, Safety, Government

FedEx Posts 146% Increase in Fiscal Third-Quarter Profit

FedEx Corp. posted a 146% increase in quarterly net income driven by explosive growth in returns at its air express division and a nearly one-third increase in ground parcel delivery profits, the second-largest company in North American freight transportation said March 18.

March 22, 2010
Business, Government, Safety, Logistics, Autonomous

Head of Canada Truck Group Backs EOBRs for All Trucks Operating in North America

Electronic onboard recorders should be mandatory for all truckers operating in North America, the president of the Canadian Trucking Alliance said.

March 22, 2010
Business, Government

Obama Signs Job Legislation With Highway Bill Extension

President Obama on March 18 signed into law an extension of the highway bill through the end of the year as part of a $17.6 billion package of tax incentives and bonding proposals aimed at spurring job creation.

March 22, 2010
Business, Fuel, Government

Diesel Increases 2¢ to $2.924, Pushing Price to 16-Month High

The U.S. retail diesel price average rose another 2 cents to a 16-month high of $2.924 a gallon last week, the fourth straight increase, the Department of Energy reported.

March 22, 2010