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, Government

Coast Guard Sets First Dates For TWIC Card Requirement

The U.S. Coast Guard has begun setting dates when truckers and others who enter ports in ports must have the government-issued Transportation Worker Identification Credential, or TWIC, that is meant to prevent terror attacks on the docks.

July 31, 2008
Business, Logistics

Wabash National Corp. Reports Second Quarter Loss

Trailer manufacturer Wabash National Corp. reported a net loss of $3.2 million, or 11 cents a share, for the second quarter of 2008, down from earnings of $5.9 million, or 18 cents, a year ago.

July 31, 2008
Government, Business

$8 Billion Highway Trust Fund Fix Effectively Dead

Senate Republicans voted Wednesday to continue debate on a measure that would have bolstered the Highway Trust Fund, effectively killing the bill.

July 30, 2008
Business, Logistics

More Hazmat Shippers Considering Trucks

Sharply higher rail rates for carrying hazardous materials known as toxic inhalants have led some shippers to shift to trucks, said John Conley, president of the National Tank Truck Carriers.

July 30, 2008
Business, Safety, Equipment

Cummins’ Profits Rise as Engine Demand Recovers

Engine manufacturer Cummins Inc., said that its second-quarter profits rose to a record as overseas demand bolstered a recovering North American truck-engine market.

July 30, 2008
Business, Safety, Government

Iowa Highway Reopens After Flood Repairs

Part of Iowa Highway 1 that had been severely damaged by heavy flooding last month has reopened, the state's transportation department said Wednesday.

July 30, 2008
Business, Safety, Government

Covenant Reports 2Q Earnings

Covenant Transportation Group said late Tuesday it lost $2.3 million, or 17 cents a share, in the second quarter, compared with a loss of $11.3 million, or 80 cents, a year ago.

July 30, 2008
Business, Safety, Government

Covenant Reports 2Q Earnings

Covenant Transportation Group said late Tuesday it lost $2.3 million, or 17 cents a share, in the second quarter, compared with a loss of $11.3 million, or 80 cents, a year ago.

July 30, 2008
Business, Safety, Government

June Tonnage Index Jumps 5.4%, ATA Says

Truck tonnage in June rose 5.4% from a year earlier, the eighth consecutive year-over-year increase, and the largest year-over-year gain since January 2005, American Trucking Associations said.

July 29, 2008
Business, Logistics

West Coast Ports, Longshore Union Reach Tentative Agreement

The International Longshore and Warehouse Union and the Pacific Maritime Association have reached a tentative agreement on a new six-year labor contract that will cover more than 25,000 workers at 29 West Coast ports, the groups said Tuesday in a joint statement.

July 29, 2008