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

YRC to Take 2Q Charges; Affirms Core Earnings Outlook

YRC Worldwide late Tuesday reaffirmed its core second-quarter earnings guidance, but said its financial statement would include some special charges.

June 17, 2008
Fuel, Business

Volvo to Develop Lightweight Sleepers

Volvo Trucks North America said it will develop lightweight prototype sleepers made with advanced composite material technology as part of a U.S. Army program to reduce the weight and improve fuel economy of trucks.

June 17, 2008
Government, Business, Safety

Interstate 80 Reopens in Iowa Following Floods

Interstate 80 has reopened in Iowa, the Iowa Department of Transportation said.

June 17, 2008
Business, Logistics, Fuel, Government

Diesel Holds at $4.692; Gas Jumps 4.3¢ to $4.082

The national average price of diesel held at $4.692 a gallon from a week ago, while gasoline continued its string of increases in rising 4.3 cents to a record $4.082, the Department of Energy reported.

June 17, 2008
Business

Industrial Production Falls 0.2%

U.S. industrial production dipped 0.2% in May, the Federal Reserve said Tuesday.

June 17, 2008
Business, Government

Housing Starts Fall to 17-Year Low

New housing starts fell 3.3% in May as builders broke ground on the fewest number of houses in 17 years, the Commerce Department said Tuesday.

June 17, 2008
Government, Business, Safety, Technology, Equipment

IdleAire Can Proceed With Sale, Judge Rules

IdleAire Technologies Corp., which designs anti-idling systems for long-haul trucks at truck stops, can proceed with a proposed sale without an investigation, a judge ruled, Bloomberg reported Monday.

June 16, 2008
Fuel, Business, Logistics, Government

Diesel Holds at $4.692 a Gallon

The national average price of diesel fuel was unchanged Monday from a week ago, holding at $4.692 a gallon, the Department of Energy said.

June 16, 2008
Business, Safety, Government

PTS Shuts Down Following Strike

Automobile hauler Performance Transportation Services said it has gone out of business, due to a strike against the company last week by the Teamsters union.

June 16, 2008
Business

FCC Chief Backs XM-Sirius Merger

The head of the Federal Communications Commission chief is recommending approval of the $3.8 billion merger deal between Sirius Satellite Radio and XM Satellite Radio Holdings, the Associated Press reported Monday.

June 16, 2008