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

GM Sets Plant Closures, Job Cuts

General Motors Corp. plans to cut truck production, lay off salaried workers, suspend its dividend and borrow $2 billion to $3 billion as it struggles to stay afloat, the Associated Press reported Tuesday.

July 15, 2008
Fuel, Business, Logistics, Government

Diesel Hits New Record, Rising 3.7¢ to $4.764

The national average pump price of diesel fuel rose 3.7 cents to a record $4.764 a gallon, the Department of Energy said.

July 15, 2008
Business, Government

Retail Sales Gain 0.1% in June

Retail sales improved 0.1% in June, the Commerce Department said Tuesday.

July 15, 2008
Business, Safety, Fuel, Government

Opinion: Truck Crashes Happen — Be Ready

Despite fuel prices zooming toward the outer edge of our galaxy, ours is a nation of crowded highways and busy people who don’t like trucks getting in their way.

July 14, 2008
Business, Safety

Bush Lifts Executive Ban on Offshore Oil Drilling

President Bush Monday lifted an executive order banning offshore oil drilling, but the move still needs congressional action to take effect.

July 14, 2008
Business, Safety, Government

YRC Names Gaines President of Yellow Transportation

Less-than-truckload carrier YRC Worldwide said it named Phil Gaines president of its Yellow Transportation unit, and Ken Bowman senior vice president of finance.

July 14, 2008
Business, Safety, Logistics

Editorial: 21st Century Truck Partnership Woes

It is disappointing to see that the 21st Century Truck Partnership is foundering, the victim of insufficient funding and questionable research priorities, according to a new report from the National Academy of Sciences.

July 14, 2008
Government, Business, Safety

YRC to Test Hybrid Trucks in Cities

YRC Worldwide will begin testing hybrid trucks this year as part of a corporate commitment to sustainability and said it will save as much as $40 million annually by streamlining its service network to speed up transit times.

July 14, 2008
Business

Port Workers Slow Productivity as Contract Talks Continue

Dockworkers at West Coast ports are staging slowdowns by coordinating their break times, as the union representing them continues to negotiate a contract after the previous one expired July 1, the Wall Street Journal reported Monday.

July 14, 2008
Business, Fuel, Government

Used Trailer Prices Plummet as Fleets Delay Replacements

Thousands of used trailers are sitting unsold and gathering dust, as freight demand remains tepid and carriers that would typically up-grade their fleets are postponing purchases, spending their money on fuel instead, according to industry experts.

July 14, 2008