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.

Business, Government, Safety, Fuel

Trucking Hit by Perfect Storm, Hebe Says

SAN DIEGO A perfect storm of a nose-diving economy, high fuel prices and governmental missteps have all combined to ravage the trucking industry and the companies that supply its equipment, according to Jim Hebe, senior vice president of North American sales for Navistar Inc.

May 18, 2009
Business, Government, Safety, Fuel

EPAs Record Budget Plan Spurs Debate in Congress Over Carbon Emissions

Details of the Environmental Protection Agencys record $10.5 billion fiscal 2010 budget proposal a 37% increase quickly set off a partisan debate in Congress last week over the agencys plans to regulate greenhouse gas emissions.

May 18, 2009
Business, Safety, Government

Gasoline Price Soars 16.2瞽

The average price of retail gasoline soared last week, jumping 16.2 cents a gallon to a U.S. average of $2.24, leapfrogging diesel, which rose 3.1 cents to $2.216. Gasoline prices exceeded diesel for the first time in nearly two years.

May 18, 2009
Business

Trailer Registrations Dive

Registrations of new trailers plummeted 62.5% in the first quarter as the economy weakened, and industry executives and analysts said trailer manufacturing was headed for its worst year since 1975.

May 18, 2009
Business, Government

Intermodal Freight Volume Falls 16% in First Quarter

Intermodal freight volume declined 16% in the first quarter of 2009 from a year earlier, in part because of stiffer truck competition for trailer shipments, the Intermodal Association of North America reported.

May 18, 2009
Business, Safety, Government

Congress Seen Taking Lead On Transport Policy, Not DOT

The debate over future surface transportation policy is likely to be directed by Congress, rather than the Obama administration, several industry lobbyists said following the recent release of nu-merous documents.

May 18, 2009
Business

Trucking Begins to See Gains from Start of Stimulus Funds

Trucking is just beginning to glimpse benefits from the federal economic stimulus program, which could produce about $1.1 billion in carrier revenue over the next two years for moving materials used in infrastructure projects, industry and federal officials said.

May 18, 2009
Business

Some Flatbed Fleets See Gains, But Demand Remains Anemic

Some flatbed carriers said they are seeing scattered volume growth, although weak housing, construction and steel markets continue to dampen demand in the trucking sector that has been hit hardest by the recession.

May 18, 2009
Business

Truck Sales Remain Abysmal as April Total Drops 44.4%

Heavy-duty U.S. truck sales continued at a dismal pace in April, as monthly volume fell 44.4% from a year earlier, when sales were already declining. Year to date, sales are now 32.5% behind the comparable period of 2008, according to the latest monthly survey from WardsAuto.com.

May 18, 2009
Business, Government, Fuel, Technology, Equipment, Safety

Volvo Backs Use of Longer, Heavier Trucks

BOSTON Volvo Trucks joined the argument over allowing longer, heavier trucks on U.S. highways, saying Congress should allow them on the interstate system to relieve congestion, increase productivity, conserve fuel and cut greenhouse gas emissions.

May 18, 2009