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, Fuel, Government

Forward Air’s 3Q Income Improves

Forward Air Corp.’s third-quarter profit rose to $12.1 million, or 42 cents a share, from $10.8 million, or 36 cents, a year ago.

October 20, 2008
Business

Marten’s Third-Quarter Profit Doubles

Refrigerated truckload carrier Marten Transport said late Monday its third-quarter net income rose to $6.1 million, or 28 cents a share, from $3.1 million, or 14 cents, a year ago.

October 20, 2008
Business

Heartland Express Reports 3Q Income Improves

Heartland Express’ third-quarter profit rose to $18.7 million, or 19 cents a share, from $17.1 million, or 18 cents, a year ago.

October 20, 2008
Business, Government

Pennsylvania Approves Anti-Idling Law

Trucks in Pennsylvania will be prohibited from idling their engines for more than five minutes in a 60-minute period under a newly enacted state law.

October 20, 2008
Business, Government, Safety, Fuel

CARB Begins Enforcing State’s Idling Law

California environmental regulators said they are beginning to enforce the state’s five-minute idling limit for diesel-fueled commercial vehicles, including those with sleeper cabs.

October 20, 2008
Business, Fuel

ASTM International OKs Biodiesel Standards

Engineering standards group ASTM International published four new final standards for biodiesel on Oct. 13.

October 20, 2008
Government, Business

Leading Economic Indicators Improve in September

An index of leading economic indicators improved in September, the New York-based Conference Board said Monday.

October 20, 2008
Business, Equipment

Eaton Reports Higher 3Q Income; Cuts ’08 Forecast

Vehicle parts manufacturer Eaton Corp. said Monday its third-quarter net earnings rose, but the company cut its full-year forecast due to economic conditions.

October 20, 2008
Business, Logistics, Government, Equipment

Class 8 Sales Rise in September, But Orders Drop Dramatically

Heavy-duty truck sales in the United States grew for the fourth straight month in September, but year-to-date results remained weak and the recent national economic chaos led to a sharp drop in new orders during September.

October 20, 2008
Business, Safety

Daimler to End Sterling Brand, Close Plants, Cut 3,500 Jobs

Daimler AG, citing a “fundamental change” in the heavy-duty vehicle market, will drop its Sterling Trucks brand and cut North American production capacity 20% by closing two factories, including its one-time flagship plant in Portland, Ore., the company’s top executive said last week.

October 20, 2008