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 Manufacturing Index Expands for Fifth Month

An index of U.S. manufacturing activity expanded in December for the fifth straight month, the Institute for Supply Management said Monday.

January 4, 2010
GovernmentBusiness

Construction Spending Falls 0.6% in November

Construction spending fell 0.6% in November, the Commerce Department said Monday.

January 4, 2010
GovernmentBusinessSafety

DOT Sends EOBR Rule to White House for Final Review

The Federal Motor Carrier Safety Administration has sent its final rule governing the use of electronic onboard recorders to the White House for review.

January 4, 2010
BusinessGovernmentSafety

Trucking Companies Focus on Educating Drivers to Meet CSA Requirements

Even before the first stage of the new federal Comprehensive Safety Analysis begins next summer, some freight companies are stepping up efforts to educate drivers and management about the new ratings and are taking steps to reduce the risk of violations.

January 4, 2010
Business

Oil Tops $80 a Barrel

Oil rose for an eighth straight day Monday, topping $80 for the first time in two months on higher heating oil demand, Bloomberg reported..

January 4, 2010
Business

YRC Gains Bondholder Approval

YRC Worldwides bondholders agreed to swap their debt for equity late last week, enabling the company to continue operating and avoid a possible bankruptcy filing, Bloomberg reported.

January 4, 2010
BusinessGovernmentSafety

Wren Family Sells LTL Firm Lakeville Motor Express

Less-than-truckload carrier Lakeville Motor Express has been sold by the Wren family that founded the Minnesota company in 1921 to Roger Wilsey Sr., an LME vice president, and his wife, Shari.

January 4, 2010
Business

Jobless Claims Fall to Lowest Level Since Mid-08

Initial jobless claims fell to the lowest level since July 2008, the Labor Department reported.

January 4, 2010
Letters to the EditorBusinessSafetyGovernment

Letters: A Good Deed, Spot Freight, Costly Dirt, Democratized Data, Dear Mr. President, EOBRs Redux, Size & Weight

I wanted to write to thank you or your Digest item Wal-Mart Donates 35 Trucks to Food Banks in the Nov. 16 issue, p. 33. In this economy, it is refreshing to read a positive, goodwill article. I contacted Wal-Mart to tell them and their CEO what a great job they did. Without trucks, all the goodness of America wouldnt be delivered.

January 4, 2010
EditorialBusinessSafety

In Pursuit of Accurate Safety Ratings

The Federal Motor Carrier Safety Administration has taken a step in the right direction with its Comprehensive Safety Analysis, a new way of evaluating trucking safety. Now, some serious tweaking is in order.

January 4, 2010