FedEx Corp. said Friday its less-than-truckload units will boost rates by 5.9%, effective Feb. 1.
January 15, 2010Trucking 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.
LaHood Sees Road Bill in 2010, but Funding Questions Remain
WASHINGTON Transportation Secretary Ray LaHood said last week he expected the Obama administration and Congress would agree on a surface transportation bill that could be finalized before the end of the year.
January 18, 2010DOT Backs Efforts of Nonprofit Group to Toughen Laws on Distracted Driving
WASHINGTON As the Department of Transportation continues its push to reduce vehicle crashes related to distracted driving, Transportation Secretary Ray LaHood announced the agency was lending its support to a new nonprofit group modeled on other victims advocacy coalitions to pressure lawmakers to ban text messaging and other forms of distraction.
January 18, 2010Arrow Trucking Files Chapter 7; Bank Claims Fraud by Officers
Arrow Trucking Co., the flatbed carrier that abruptly shut down last month, filed for Chapter 7 bankruptcy Jan. 8, and its principal bank lender filed a lawsuit charging Arrows officers with fraud that the bank alleges cost it $12.5 million.
January 18, 2010DTNA, Navistar Made More Trucks in Mexico than U.S., Canada During 09 for First Time
Most of the Class 8 trucks sold in the United States last year by Daimler Trucks North America and Navistar Inc. were for the first time ever assembled in Mexico, both companies have acknowledged.
January 18, 2010Oberstar Says Lack of Research Stalls Push for Heavier Trucks
WASHINGTON The chairman of the House Transportation and Infrastructure Committee said he believes that a lack of good data on the effect of bigger trucks on the nations roadways has stalled any hope the trucking industry has of new legislation to change the current limits.
January 18, 2010Climate Bill Has Slim Chance of Passage in Senate This Year, Hill Observers Say
WASHINGTON The prospects of the Senate passing controversial cap-and-trade climate legislation in 2010 appear to be very slim, a panel of Washington insiders said last week.
January 18, 2010Freight Rail Volume Declines 15% for 2009 but Rises Slightly in Last 3 Weeks of Year
North American railroads ended 2009 with the largest annual percentage drop in freight traffic in six decades, but the carriers finished on a high note by topping 2008 levels for the final three weeks of last year.
January 18, 2010DOE Awards $115.7 Million to Develop SuperTruck
The Energy Department last week announced grants totaling more than $187 million for projects to improve the fuel efficiency of heavy-duty trucks and passenger cars, including one aimed at producing a SuperTruck that boosts fuel economy by 50% by 2015.
January 18, 2010Diesel Hits 14-Month High
The average price of a gallon of retail diesel fuel in the United States rose 8.2 cents a gallon last week to $2.879, the highest level in 14 months, according to the Department of Energy.
January 18, 2010Trending
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