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, Logistics

Contrans’ Second-Quarter Income Improves

Canadian firm Contrans Income Fund’s second-quarter income rose compared with a year ago, due largely to a big income tax charge in the previous second quarter.

August 6, 2008
Government, Business, Safety

Oberstar Blasts FMCSA for Slow Pace on Drivers’ Medical Certifications

WASHINGTON — On the heels of a report criticizing the federal government’s efforts to ensure that truck drivers are medically qualified, the House transportation committee’s chairman blasted the top truck safety agency for not living up to its mission and for dragging its feet on the health issue.

August 6, 2008
Business, Safety, Government, Fuel

Letters to the Editor: Op-Ed Responses, No to Bigger Trucks, Highway Funding, Slow-Pay Blues, Saving on Fuel

In an injury crash, a drug and alcohol test is required only if the driver receives a citation and the injury is treated immediately, away from the scene of the accident.

August 6, 2008
Business, Safety, Government

Xata’s Third-Quarter Loss Narrows

Transportation software firm Xata Corp. said Wednesday it lost $712,000, or 8 cents a share, in its fiscal third quarter, compared with a loss of $1.6 million, or 21 cents, a year ago.

August 6, 2008
Government, Business, Safety

Oil Rises to $120 in Early Trading

Oil prices rose to $120 a barrel in early trading Wednesday, a day after falling more than $2 to below that level, Bloomberg reported.

August 6, 2008
Business, Safety

ATA Seeks Nominations for Mike Russell Trucking Image Award

American Trucking Associations is seeking nominations for the second annual Mike Russell “Good stuff” Trucking Image Award.

August 6, 2008
Business, Safety, Government, Logistics

Bush Orders Expedited Columbia River Crossing in Pacific Northwest

The Columbia River Crossing between Portland, Ore., and Vancouver, Wash., has received national priority status from the White House to expedite the project, the U.S. Department of Transportation said late Tuesday.

August 5, 2008
Government, Business, Safety, Logistics

Pacer’s 2Q Income Improves

Transportation and third-party logistics firm Pacer International said late Tuesday its second-quarter profit rose 10.4% to $13.8 million, or 40 cents a share, from $12.5 million, or 34 cents, a year ago.

August 5, 2008
Business, Safety, Government

TSA Suspends Identity Pass Program Due to Security Breach

The Transportation Security Administration said Monday it is suspending Verified Identity Pass — the company that operates Registered Traveler programs under the brand name Clear, due to a security breach.

August 5, 2008
Business

Fed Holds Key Interest Rate at 2%

The Federal Reserve voted Tuesday to keep the benchmark U.S. interest rate at 2%.

August 5, 2008