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.

BusinessGovernmentSafetyTechnologyEquipmentAutonomous

Mapping Systems Not Designed for Trucks Pose Safety, Traffic Risks, Officials Warn

As the use of mapping and routing software becomes more prevalent across the trucking industry, service providers and state transportation officials said fleets must be wary of the risks posed from using applications not specifically designed for trucks.

March 15, 2010
BusinessAutonomous

Navistar’s Profit Falls; Expects Revenue Gains

Navistar International Corp. profits fell 92.7% from a year earlier during the company’s fiscal first quarter because of continuing low levels of truck sales, but the Warrenville, Ill., manufacturer also presented plans it said eventually would boost annual revenue to $20 billion when the economy improves.

March 15, 2010
BusinessGovernment

Shoe Shippers Criticize Reclassification that Allow Rate Increases Up to 50%

Shippers of shoes are protesting price increases of up to 50% for less-than-truckload shipments after an industry standards body changed the classification of 2 billion pairs of shoes, allowing carriers to raise rates.

March 15, 2010
BusinessAutonomous

GE Capital Becomes Lender for International Trucks

GE Capital is taking over the role of lead lender to support the purchase of International trucks, as Navistar International Corp.’s in-house finance captive withdraws from the retail market to concentrate on wholesale activities to support dealers, the two companies said.

March 15, 2010
BusinessAutonomous

Truck Availability Shrinking as Freight Demand Increases

Truck availability has tightened sharply in recent weeks as steadily growing freight demand draws even with total truck capacity, which shriveled during the recession, industry experts said.

March 15, 2010
BusinessSafetyEquipment

February Class 8 Orders Rise 12%

February orders for new Class 8s gained 12% from a year earlier and were 20% above an eight-year low in January, research firm FTR Associates reported last week.

March 15, 2010
BusinessGovernmentSafetyAutonomous

Mexico Eyes New Tariffs

The Mexican government is preparing to change the list of U.S. products that will be subjected to higher tariffs in retaliation for the continued lockout of that nation’s truck fleets, sources told Transport Topics last week.

March 15, 2010
GovernmentBusinessSafetyFuel

DOT to Drop Diesel, Paint from Hazmat Transport List

The Transportation Department announced last week it will drop some materials, including paint and diesel fuel, from the list of substances the agency considers dangerous enough to require hazmat motor carriers to file detailed security plans.

March 15, 2010
BusinessGovernmentSafetyAutonomous

Mid-America Trucking Show Expects Rise in Exhibitors, Attendees, Organizers Say

Despite a challenging freight environment over the past year, the 2010 Mid-America Trucking Show organizers said industry optimism may be rising. They cited an anticipated increase in the number of exhibitors and attendees for the March 25-27 show.

March 15, 2010
BusinessGovernmentSafetyLogisticsAutonomous

Trucking Opposes Plan to Raise Hazmat Fees

A proposed federal rule that triples to $3,000 the annual registration fee for large hazardous materials motor carriers but maintains a fee of $300 for small carriers places an unfair burden on large carriers, American Trucking Associations and National Tank Truck Carriers said in written comments opposing the new rule.

March 15, 2010