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, Government

Delays Expected for N.J. Weight Permits

Trucking companies in New Jersey are likely to face delays receiving overweight-vehicle permits, beginning Monday, the state’s trucking association said.

August 11, 2008
Business, Fuel, Government

Mass. Governor Signs Biofuels Law

Massachusetts Gov. Deval Patrick (D) signed a law to promote the use of biofuels, reducing greenhouse gas emissions by at least 50% in the state, the Associated Press reported.

August 11, 2008
Fuel, Business, Government

Trucking Bankruptcies Double; 1st-Half Capacity Loss Is 4.5%

Trucking company bankruptcies more than doubled in the second quarter, soaring 118% from last year as high fuel prices pushed 970 U.S. carriers out of business, a leading industry analyst said.

August 11, 2008
Business, Government

Large TL Fleets Shed Longhaul to Seek More Regional Freight

Large truckload fleets are gaining business by shifting from marginally profitable longhaul lanes to regional trucking, which in turn is forcing smaller carriers with fewer resources to fight for that longhaul business, industry experts said.

August 11, 2008
Business, Fuel, Government, Logistics

Warehousing: Fleets Acquire Storage Space to Expand Role in Supply Chain

The cost advantage offered by shipping direct and avoiding paying for warehousing and inventory is dwindling, possibly forever, as the price of fuel rises. As a result, more carriers have started looking at warehousing to play a larger role in the logistics process.

August 11, 2008
Fuel, Business, Logistics

Diesel Drops 10.1¢ to $4.50 a Gallon

The cost of retail diesel fell another 10.1 cents last week to $4.502 a gallon, the third-straight weekly decline in the national average that has cut 26.2 cents from trucking’s main fuel, the U.S. Department of Energy said.

August 11, 2008
Business, Fuel, Government

Congress to Review UPS-DHL Air Accord

A congressional panel next month plans to review a plan by UPS to DHL Americas’ air shipments, Bloomberg reported late Friday.

August 8, 2008
Business, Fuel

Oil Closes Week Near $115 a Barrel

Crude oil fell $5 to its lowest level in more than three months Friday, dropping briefly below $115 a barrel before rebounding slightly, Bloomberg reported.

August 8, 2008
Business, Safety, Government

P.A.M. Takes $1.3 Million 2Q Loss

Truckload carrier P.A.M. Transportation Services said it lost $1.3 million, or 14 cents a share, in the second quarter, compared with net income of $2.2 million, or 21 cents, a year earlier.

August 8, 2008
Business

Hino Plans Truck Factory in Mexico

Japan’s Hino Motors Ltd. will build a truck plant in Mexico to boost international sales as domestic demand wanes, Bloomberg reported Friday.

August 8, 2008