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, Safety

House Panel to Hold Wetlines Hearing Monday in Baltimore

The chairwoman of a House subcommittee has scheduled a field hearing Monday in Baltimore on a controversial House bill that would prohibit the transportation of flammable liquids in unprotected product piping on both existing and newly-manufactured cargo tank trucks.

November 10, 2009
Government, Business, Logistics

Vermont-New York Bridge Will Not Reopen

Officials in Vermont and New York have decided the Crown Point Bridge connecting the two states at the southern tip of Lake Champlain is too badly deteriorated to repair.

November 10, 2009
Government, Business, Safety

IRS Drops $319 Million Levy over FedEx Owner-Operators

FedEx Corp. said an Internal Revenue Service audit team has proposed that no assessment of federal employment taxes be made against the company’s ground parcel unit for 2002, an important step in FedEx’s continuing legal battle over whether some of its workers are independent contractors or employees.

November 10, 2009
Business, Fuel

Diesel to Average Near $3 a Gallon in 2010, DOE Says

Retail diesel will average $2.79 in the fourth quarter and rise 50 cents from this year’s projected average to nearly $3 a gallon next year, the Department of Energy said.

November 10, 2009
Government, Fuel, Business

Panel OKs Cap-and-Trade Bill, Despite Republican Boycott

Democrats on the Senate Environment and Public Works Committee last week approved a cap-and-trade bill that opponents said would cause a spike in the cost of diesel fuel.

November 10, 2009
Government, Business

Pension Bill Would Provide Firms More Time to Restore Funds to Underfunded Plans

Carriers with multi-employer pension obligations would get as much as 30 years to restore full funding of currently underfunded plans, under legislation introduced by two members of Congress.

November 10, 2009
Government, Business, Safety

Missouri Allowing Heavier Trucks Following Rains

Following an unusually rainy fall, the Missouri Department of Transportation is making it easier for farmers to haul their crops to market, the Associated Press reported.

November 10, 2009
Business, Equipment

ArvinMeritor’s 4Q Loss Narrows

Truck components maker ArvinMeritor Inc. said Tuesday its fourth-quarter loss narrowed and the company announced several executive appointments.

November 10, 2009
Business, Logistics, Fuel, Government

Diesel Slips 0.7¢ to $2.801 a Gallon

Diesel’s national average price fell for the first time in five weeks, dipping 0.7 cent — the same as last week’s increase — to $2.801 a gallon, the Department of Energy reported Monday.

November 10, 2009
Business, Government, Safety

Opinion: Choosing the Right Freight Forwarder

Choosing the right freight forwarder to support your transportation efforts never has been more critical than during the current crippling recession — which may or may not be abating.

November 10, 2009