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, Equipment

YRC Consolidates Its Management Team

YRC Worldwide Inc. last week said it was consolidating top management of its less-than-truckload services as it also pursues moves to conserve cash, such as selling its headquarters and negotiating a proposed pension deal for its unionized employees.

June 8, 2009
Business, Equipment, Safety, Logistics, Government

States Creating Smart Road Projects with Stimulus Funds to Reduce Traffic

Instead of buying only asphalt and steel, several states will spend federal stimulus dollars on smart road projects that use information technology to reduce congestion, according to a survey by the National Conference of State Legislatures.

June 8, 2009
Business, Fuel, Government

Diesel Jumps 7.8瞽 to $2.352

The average price of a gallon of diesel fuel jumped 7.8 cents last week to $2.352 a gallon, the highest level since December, while gasoline rose another 8.9 cents as crude oil pushed near $70 a barrel, the Department of Energy reported.

June 8, 2009
Business, Government

Road Fund to Run Out of Cash by August, LaHood Warns

WASHINGTON The Highway Trust Fund, which got an emergency $8 billion cash injection from Congress last summer, is likely to run out of money in the next two months, the Obama administration said last week.

June 8, 2009
Business

GM, Chrysler Bankruptcies May Weaken Freight Volumes

Truckers said they are adjusting to widespread fallout from the bankruptcy of General Motors Corp., whose vision of a scaled-down company could further weaken freight markets.

June 8, 2009
Business, Government

Senators Reach Deal to Work on Single Bill for Freight Rail Competition, Antitrust

The path for 2009 freight rail legislation was simplified last week when Sens. Herb Kohl (D-Wis.) and Jay Rockefeller (D-W.Va.) agreed to work together on a single bill addressing shippers concerns about a lack of competition.

June 8, 2009
Business, Government

Maryland Motor Truck Assn.s Anne Ferro Named to Head FMCSA

President Obama has named Maryland Motor Truck Association President Anne Ferro to head the Federal Motor Carrier Administration.

June 5, 2009
Business

Unemployment Rate Rises to 9.4%

The U.S. unemployment rate jumped half a percentage point to 9.4% in May from 8.9% in April, but employers cut the fewest amount of jobs in eight months, the Labor Department said Friday.

June 5, 2009
Business, Safety

Intermodal Traffic Falls for Week, Month

Intermodal rail traffic fell 19.2% last week compared with the same week last year, the Association of American Railroads said.

June 5, 2009
Business, Government, Safety

Opinion: Doublespeak Spoken There

I find it very odd that when Washington needs something from the people, they talk about family, but when the people need something from the government, they talk about business. This kind of duality of conflicting agendas contradicts reason and confuses everyone. Even if it is unintentional, it smacks of doublespeak.

June 5, 2009