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, Safety, Technology, Equipment

Iteris, Delphi to Team on Safety Technologies

Iteris Inc. and Delphi Corp. said Monday that Iteris has been named the exclusive distributor of Delphi’s forward collision warning system for the North American commercial vehicle market.

August 4, 2008
Fuel, Business, Safety, Government

Study Cites Alternative Fuels’ Role in Emissions Reduction

The University of Minnesota’s Center for Transportation Studies found the state’s greenhouse gas emissions reductions goal of 30% by 2025 to be feasible and said that alternative fuels, vehicle fuel efficiency and reducing vehicle miles traveled were central to reaching the goal, the Associated Press reported.

August 4, 2008
Business, Safety, Government, Logistics

C.H. Robinson Worldwide Acquires Canadian Forwarder

Transportation and third-party logistics firm C.H. Robinson Worldwide said Monday it has acquired Transera International Holdings Ltd., a project forwarding company based in Calgary, Alberta, Canada.

August 4, 2008
Government, Business

Personal Spending Rises 0.6% in June; Prices Jump

Consumer personal spending rose 0.6% in June as prices soared, the Commerce Department said Monday.

August 4, 2008
Business

Oshkosh Reports Third-Quarter Loss

Specialty truck maker Oshkosh Truck Corp. reported a third-quarter loss of $84.3 million, or $1.14 a share, compared with earning $90.6 million, or $1.21, a year ago.

August 4, 2008
Business, Equipment

Cooper Tire Takes 2Q Loss

Cooper Tire and Rubber Co. said Monday it posted a second-quarter loss of $22 million, or 38 cents a share, compared with earning $17.6 million, or 28 cents, a year ago.

August 4, 2008
Business, Safety, Government, Technology, Equipment

DOT Issues Transport Plan

Declaring the current system irrevocably “broken,” Transportation Secretary Mary Peters unveiled the Bush administration’s final major surface transportation policy initiative — a reform of the highway program that includes unlimited tolling and an increased emphasis on private capital.

August 4, 2008
Government, Business, Safety, Fuel

ATA Sues to Block Driver Plans at L.A. and Long Beach Ports

American Trucking Associations last week asked a federal court to block emission-reduction plans by the California ports of Los Angeles and Long Beach that include concessionaire requirements the group said “unlawfully re-regulated the federally de-regulated trucking industry.”

August 4, 2008
Business, Safety

June Truck Tonnage Jumps 5.4% in Eighth Straight Gain

The U.S. economic stimulus package and inventory replenishment by customers powered a 5.4% rise in truck tonnage during June compared with last year, the eighth consecutive monthly increase, American Trucking Associations said.

August 4, 2008
Government, Business, Safety, Logistics, Fuel

Diesel Falls 11.5¢ to $4.603

The national average retail price of diesel fell 11.5 cents to $4.603 a gallon last week, the largest one-week drop in nearly two years and the second consecutive weekly decline, the Department of Energy reported.

August 4, 2008