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.

BusinessSafetyGovernment

ISM Services Index Improves

The U.S. economy’s service sector improved in February, the Institute for Supply Management said Wednesday.

March 3, 2010
BusinessSafetyGovernment

ISM Manufacturing Index Expands for Seventh Month

U.S. manufacturing activity expanded for a seventh straight month in February, the Institute for Supply Management said.

March 3, 2010
BusinessGovernmentSafety

States Scrambling Following Transport Funding Shutdown

ARLINGTON, Va. — State transportation officials said the sudden shutdown of the federal highway program is putting them at risk of abandoning projects and cutting safety programs unless Congress reaches a deal to extend the now-lapsed reauthorization.

March 2, 2010
GovernmentBusiness

Construction Spending Drops 0.6%

Construction spending fell 0.6% in January, the Commerce Department reported.

March 2, 2010
GovernmentBusinessFuelEquipmentAutonomous

Diesel Emissions-Reduction Funds Available in SoCal

California’s South Coast Air Quality Management District is offering incentive funding of up to $50,000 for the purchase of a diesel truck or up to $100,000 for the purchase of a natural gas truck, in return for scrapping an older Class 8 diesel truck, the agency said.

March 2, 2010
BusinessGovernment

J.B. Hunt Names Doug Duncan to Board

J.B. Hunt Transport Services said it has elected Doug Duncan, former president of FedEx Freight, to its board of directors.

March 2, 2010
GovernmentBusinessSafetyFuel

Senate Expected to Pass Biodiesel Tax Credit Bill

Senate Democrats expect to pass an unemployment benefits bill soon that includes a provision retroactively reinstating a biodiesel tax credit through the end of the year, according to a spokeswoman for Sen. Harry Reid (D-Nev.).

March 2, 2010
BusinessLogisticsAutonomous

Penske Completes Bright Truck Acquisition

Penske Truck Leasing Co. said that it has completed the acquisition of Bright Truck Leasing & Bright Distribution, a truck leasing, maintenance, rental and logistics company.

March 2, 2010
GovernmentBusinessAutonomous

Pa. Gov. Wants Sales Tax on Trucking, Warehousing

Pennsylvania Gov. Edward Rendell (D) has proposed that the state extend the sales tax to services including trucking and warehousing, a move industry leaders said imperils a business sector the state actively recruited and developed.

March 2, 2010
Business

YRC Reportedly Cuts More Jobs

YRC Worldwide has cut about 200 more jobs in a further effort to reduce costs, Reuters reported.

March 2, 2010