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

YRC, Banks Close to Deal on Debt Covenant Waiver

CORAL GABLES, Fla. YRC Worldwide Inc.s chief financial officer said here Feb. 11 that the company expects to announce agreements in the next several days with lenders that will produce a waiver from debt covenant restrictions.

February 16, 2009
Business, Government

Fleet Execs Confront Dealers on Padded Bills, Estimates

ORLANDO, Fla. Fleet executives complained bluntly about what they said were padded bills for repair services, unreliable estimates and failures by service operators to offer realistic completion times.

February 16, 2009
Business, Government

Less-Than-Truckload Pricing Fades in 4Q

Less-than-truckload pricing dwindled during the fourth quarter, contributing to an increase in operating ratios toward the break-even point, according to a survey of results from publicly traded companies.

February 16, 2009
Business, Safety, Government

Knight Praises Truckings Green Measures

ORLANDO, Fla. Kevin Knight, chief executive officer of Knight Transportation, touted truckings efforts in recent years to become more environmentally friendly, and said the industry should work to improve its green message to the public.

February 16, 2009
Business

Pa. Governor Proposes $227 Million for Bridge Repairs, More Rail Capacity

Pennsylvania Gov. Edward Rendell (D) has proposed spending $200 million for highway bridge repairs, plus $27 million to increase freight capacity for railroads, one of which plans to build an intermodal terminal in Pittsburgh.

February 16, 2009
Business, Government, Safety, Technology, Equipment

Postal Service, UPS Team Up to Make Online Returns Easier

UPS Inc. and the U.S. Postal Service have agreed to work together to make it easier for consumers to return goods purchased online, a move that more closely aligns the nations mail delivery system with the largest commercial package carrier.

February 16, 2009
Business

FMC Lets Calif. Ports Collect Fees on Containers to Fund Truck Retrofits

The Federal Maritime Commission said it will allow the Ports of Los Angeles and Long Beach, Calif., starting Feb. 18, to collect container fees that will help carriers fund the replacement of older trucks with less-polluting newer models.

February 13, 2009
Business, Safety

Rail, Intermodal Traffic Fall for Week

Rail and intermodal traffic fell for the week ended Saturday from a year ago, the Association of American Railroads said.

February 13, 2009
Business, Safety, Government

Opinion: Choosing Truck-Driving Instructors

Last January, our company launched an instructor-of-the month program. We began by inviting directors of truck-driver training programs to nominate individuals, and then we interviewed the winning instructors.

February 12, 2009
Business, Government

Consumer Confidence Index Declines

U.S. consumer confidence declined this month, according to the Reuters/University of Michigans final monthly consumer sentiment index released Thursday.

February 12, 2009