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, Government, Safety

Navistar Says 2010 Models Up $6,000-$8,000

Navistar Inc.’s 2010-compliant engines will sell for $6,000 to $8,000 more than its previous generation of engines, the company said last week.

August 3, 2009
Business, Safety, Government

June Truck Tonnage Drops 13.6%

American Trucking Associations’ tonnage index declined 13.6% in June from year-ago levels, the biggest such decline since early 1996.

August 3, 2009
Business, Government, Safety, Technology

Proposal to Reclassify Equipment Leases Seen as Tough Burden on Small Businesses

Finance and leasing industry officials said a proposal to reclassify equipment leases as a form of debt or asset, rather than an expense, would be difficult and costly for most companies to comply with.

August 3, 2009
Business, Government

Congress Reaches Late Deal on Highway Trust Fund Fix

The House moved quickly last week to shift $7 billion to the nearly depleted Highway Trust Fund, and the Senate followed suit, although Senate leaders continued to advocate for extending current highway legislation for 18 months.

August 3, 2009
Business

YRC Posts $255 Million 2Q Loss

YRC Worldwide’s $255 million second-quarter loss reported July 30 capped a generally miserable round of earnings reports for publicly traded carriers pounded by falling rates and tonnage.

August 3, 2009
Business, Government, Safety

U.S. Moves Toward Stiffer Rules to Curb Oil-Market Speculators

The Commodity Futures Trading Commission last week began laying the groundwork for a stronger regulatory hand over oil traders and investors, with a series of hearings and a report on trading patterns that could lead to limits on some purchases of futures contracts.

August 3, 2009
Business

TT Private 100: Corporate-Owned Fleet Expansion Is Curtailed by Economic Downturn and Excess Capacity

The U.S. economic downturn and the resultant oversupply of for-hire hauling capacity curtailed the growth of many corporate-owned truck fleets during the past year.

August 3, 2009
Business, Fuel, Government

Diesel Rises 3.2¢ to $2.528

The U.S. average retail diesel price rose 3.2 cents a gallon last week to $2.528, the first increase in five weeks, the Department of Energy reported.

August 3, 2009
Business, Safety, Government

Intermodal, Rail Traffic Drop for Week

Intermodal rail traffic in the United States fell 17.9% last week compared with the same week last year, the Association of American Railroads said.

July 31, 2009
Business, Safety, Government

P.A.M. Reports $2.4 Million Second-Quarter Loss

Truckload carrier P.A.M. Transportation Services reported a second-quarter loss of $2.4 million, or 25 cents per share, compared with a loss of $1.3 million, or 14 cents, a year ago.

July 31, 2009