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

Editorial: The Great Credit Crunch

Trucking is quickly feeling the consequences of the financial meltdown that has paralyzed the nation’s banking and lending community.

October 7, 2008
Business, Safety

Freight Demand Likely to Decline Into ’09, Analyst Says

Freight demand for U.S. trucking companies is likely to decline as credit stays tight, a Wachovia Corp. economist said at American Trucking Associations’ annual meeting in New Orleans, Bloomberg reported.

October 7, 2008
Business, Safety

ATA Says Infrastructure Is Top Priority in Year Ahead

New legislation to boost U.S. infrastructure — roads, highways and bridges — will be American Trucking Associations’ top priority in the coming year,  the Associated Press reported.

October 7, 2008
Business

FedEx Unit Begins Mexico Operations

FedEx Express said its Mexican unit has begun operations under the name FedEx Express Nacional, a domestic overnight service in that country.

October 7, 2008
Business, Technology, Equipment, Safety

TransCore Introduces New Transponder To Work With Electronic Toll Systems

TransCore, a provider of radio-frequency identification devices, introduced a new transponder that is compatible with multiple electronic toll-collection systems.

October 6, 2008
Business, Safety, Government, Logistics

Accellos Acquires Prophesy Software

Accellos Inc., Colorado Springs, Colo., a provider of warehousing and logistics management software, said it acquired Prophesy Transportation Software of Bloomfield, Conn., for an undisclosed amount.

October 6, 2008
Fuel, Business, Technology, Equipment, Safety

Qualcomm Offers In-Cab Scanning

Qualcomm Inc. added an in-cab scanning service to its mobile computing system, and launched a new reporting module designed to help carriers monitor how much fuel their drivers are burning, the company said last week.

October 6, 2008
Business, Safety, Technology, Equipment

Goldman Sachs Buys Stake in American Traffic Solutions

Goldman Sachs, which recently announced that it will convert into a federally regulated bank holding company, has purchased a minority stake in closely held American Traffic Solutions, a Scottsdale, Ariz., provider of electronic toll payment and video-based traffic enforcement systems.

October 6, 2008
Business

Oil Tumbles Below $90 on Economic Concerns

Oil fell below $90 in early trading Monday on speculation that spreading financial turmoil will cut demand, and on the gains of the U.S. dollar versus the euro, the Associated Press reported.

October 6, 2008
Business, Logistics, Government, Technology, Equipment, Safety

Ryder to Acquire Canadian Firms with Chinese Operations

Ryder System said it will acquire Transpacific Container Terminal Ltd. and CRSA Logistics Ltd., as well as CRSA’s operations in Hong Kong and Shanghai, China.

October 6, 2008