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, Safety, Government

LaHood Says DOT Working to Expedite Stimulus Projects

The Department of Transportation is moving quickly to use economic stimulus funds to improve infrastructure, Transportation Secretary Ray LaHood said Tuesday.

March 17, 2009
Business, Government

Caterpillar Sets 2,400 Layoffs in Three States

Caterpillar Inc. said Tuesday it will lay off more than 2,400 employees at five plants in three states as the heavy equipment maker continues to cut costs amid the economic downturn, the Associated Press reported.

March 17, 2009
Business, Government, Safety

Intermodal Success Requires Education, Enhanced Marketing, Fleet Execs Say

ORLANDO, Fla. — For truckers, there is a lot more to intermodal than simply tying a trailer down on a train, industry experts said.

March 17, 2009
Government, Business, Safety

ATA Warns Against Closing Va. Rest Areas

American Trucking Associations Monday warned against Virginia's proposal to close 25 of its 42 rest areas, saying that the move would be dangerous for all drivers.

March 17, 2009
Business, Equipment

Double Coin Doubles Mexico Market Share

Tire maker Double Coin said it has doubled its market share in Mexico since being reintroduced to that country’s market in 2007.

March 17, 2009
Business

Chris Patterson to Retire from DTNA in June

Chris Patterson, head of Daimler Trucks North America, plans to retire in June, parent company Daimler AG said Monday.

March 16, 2009
Business

Carriers May Save Billions of Dollars With Better Technology, Study Says

Motor carriers incur tens of billions of dollars in lost productivity because of inefficiencies that could be mitigated by wider use of wireless information technology, according to a new federal report.

March 16, 2009
Business, Equipment

Eaton to Close Indiana Transmission Plant

Truck parts manufacturer Eaton Corp. plans to close a plant in Greenfield, Ind., and move its operations to North Carolina and Mexico, Bloomberg reported.

March 16, 2009
Business

Industrial Production Falls 1.4%

U.S. industrial production fell 1.4% in February, declining for the fourth consecutive month, the Federal Reserve said Monday.

March 16, 2009
Business

OPEC Holds Off on More Production Cuts

OPEC plans to hold its oil output steady rather than to make deeper production cuts that were sought by some of its members, the Wall Street Journal reported Monday.

March 16, 2009