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

Fleets Say Drive-Time Cut Would Boost Freight Costs

While the trucking industry waits for the Obama administration to complete its review of a new hours-of-service proposal, executives with some of the nation’s largest fleets warned that a cut in driving time would result in higher consumer costs, reduced efficiency and increased pollution.

August 9, 2010
Business

Mullen Group Posts 2Q Loss

Canadian transportation firm Mullen Group posted a second-quarter loss of C$6.2 million or 7 cents per share, compared with a profit of C$17.8 million, or 22 cents, a year ago.

August 9, 2010
BusinessSafety

LaHood Seeks Truckers’ Help to Combat Distracted Driving

COLUMBUS, Ohio — Transportation Secretary Ray LaHood encouraged the nation’s safest truck drivers to play an active role in combating distracted driving. “Distracted driving is an epidemic in America,” LaHood said in a speech Aug. 5 during the National Truck Driving Championships.

August 9, 2010
Letters to the EditorBusinessSafetyGovernmentLogistics

Letters: Risk Control, Success in Logistics, Hours of Service

Fortunately, some companies are slowly waking to the fact that untreated sleep apnea presents higher risks for their organization, and they are creating proactive programs to address the issue.

August 9, 2010
BusinessGovernmentSafetyFuelAutonomous

Bill Would Let Ports Set Rules on Environmental Standards

New legislation aimed at giving ports more authority to set environmental regulations is expanding the battle over the Port of Los Angeles’ controversial employees-only clean trucks plan from the courts to Congress.

August 9, 2010
Business

Congress Sidesteps UPS-FedEx Labor Battle by Passing Short-Term FAA Spending Extension

Congress has passed a short-term extension of the Federal Aviation Administration’s authorization, delaying until after the August recess further debate over a labor provision that has UPS Inc. and FedEx Corp. feuding.

August 9, 2010
Business

Road-Funding Delay May Worsen Congestion and Reduce U.S. Competitiveness, Abney Says

The continuing delay in passing a new long-term highway bill has trucking executives and transportation officials worried about the effects on the U.S. freight network, according to David Abney, chief operating officer of UPS Inc.

August 9, 2010
Business

DTNA’s Daum Sees Boom, But Wants to Know When

Fourteen months into his job as CEO of Daimler Trucks North America, Martin Daum said the truck sales market is still bad — although it is improving — but his real challenge is trying to figure out when sales will return to a robust pace.

August 9, 2010
Business

Caterpillar Sued Over Heavy-Duty Engines

Three trucking companies are suing Caterpillar Inc. over the sale of what their legal counsel says are “defective” 13- and 15- liter diesel engines for heavy-duty trucks. The Texas law firm representing the companies now is looking for fleets to join the litigation.

August 9, 2010
BusinessFuel

Diesel Price Gains 0.9¢ to $2.928 a Gallon

The U.S. diesel average price rose 0.9 cent to $2.928 a gallon last week, the second straight gain, but just the third increase in the past 12 weeks, the Department of Energy reported Aug. 2.

August 9, 2010