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.

BusinessGovernment

CSA Revisions Improve Most Scores but Worsen Others, Carrier Execs Say

Changes that the Federal Motor Carrier Safety Administration has made to its CSA safety-monitoring program are causing the ratings of fleets across the country to change, and not always for the better, carrier executives told Transport Topics.

August 23, 2010
BusinessEquipmentAutonomous

Medium-Duty Truck Sales Soar in July

U.S. retail sales of medium-duty trucks — Classes 3-7 — jumped 54.5% in July from the corresponding month a year ago, the largest year-over-year gain since mid-2005 and the biggest sales month this year, WardsAuto.com reported.

August 23, 2010
Business

Used Truck Interest Grows

Registrations of used Class 8 trucks nearly doubled in the second quarter, far outpacing new truck activity as fleets snapped up both late-model used tractors and older vehicles, a new R.L. Polk & Co. report said.

August 23, 2010
Business

More U.S. Goods Face Tariffs in Mexican Trucking Dispute

The Mexican government last week imposed a second round of retaliatory tariffs on U.S. exports to protest the closing of the common national boundary to cross-border trucking and said the United States has yet to propose a plan to allow trucks from Mexico to deliver in the United States.

August 23, 2010
BusinessGovernmentSafetyAutonomous

Three Trucking Fleets Plan Share Offerings as a Way to Raise Funds to Reduce Debt

The decisions by three trucking fleets to announce public share offerings in recent weeks represent a sharp change in direction for an industry that went more than five years without a stock sale.

August 23, 2010
BusinessGovernmentSafetyFuel

Diesel Fuel Price Slips 1.2¢ Following 3-Week Increase

In the face of record-setting petroleum stockpiles, the U.S. retail diesel price average dipped 1.2 cents to $2.979 a gallon, the Department of Energy reported.

August 23, 2010
Business

Volvo Recalling 270 Workers to Virginia Truck Plant

Volvo Trucks North America said it will recall 270 former employees to its New River Valley truck production plant in Virginia next month due to increased truck orders.

August 20, 2010
BusinessLogistics

OHL Names New Chairman, CEO

Ozburn-Hessey Logistics has named Scott McWilliams executive chairman of its board of directors and Bert Irigoyen chief executive officer, the company said in a statement.

August 20, 2010
Business

Clark’s 2Q Income Declines

Freight forwarder Clark Holdings said that its income fell to $649,000, or 8 cents per share, in the second quarter, compared with $751,000, or 7 cents, a year ago.

August 20, 2010
Business

Mexico May Rotate Tariffs in Ongoing Border Trucking Dispute

Mexico may rotate tariffs on U.S. goods until the Unites States resolves a dispute over Mexican Trucks’ access to U.S. roads, the Associated Press reported.

August 20, 2010