Trucking Business News

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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, Government

UPS Freight Extends Guarantee to Canada

UPS Freight, which introduced its on-time performance guarantee in the United States in January, said Monday it has expanded the guarantee to shipments moving in both directions across the Canada-U.S. border.

June 2, 2008
Business, Safety, Government

ISM Factory Index Improves, But Still Shows Contraction

U.S. manufacturing levels improved in May but continued to show contraction, the Institute for Supply Management said Monday.

June 2, 2008
Government, Business

Construction Spending Falls for Second Straight Month

Construction spending fell for a second straight month in April, the Commerce Department said Monday.

June 2, 2008
Business, Safety, Government, Technology, Equipment

U.S. Xpress Completes Pinner Purchase

Truckload carrier U.S. Xpress Enterprises said its Xpress Global Systems subsidiary finalized its purchase of Pinner Transportation. Terms were not released.

June 2, 2008
Business, Fuel, Government

Software Firms Seeing Greater Demand as Fleets Seek Savings, Efficiency Gains

Executives with several software firms said their businesses are awash with inquiries from carriers seeking to streamline operations as they struggle with record fuel prices and sluggish freight demand.

June 2, 2008
Business, Technology, Equipment, Safety

Iteris Reports Higher Income for Quarter, Fiscal Year

Iteris Inc., which makes lane-departure warning systems for the trucking industry, reported its fiscal fourth-quarter profit improved from a year ago.

June 2, 2008
Business

South Korea Delays Plan to Import U.S. Beef

South Korea said it was delaying the planned resumption of U.S. beef imports, following weekend protests in that country, the Associated Press reported Monday.

June 2, 2008
Fuel, Business, Government

U.S. Refineries Restricting Diesel Supplies

U.S. diesel prices roared past gasoline in September, reversing the historic pattern because rising demand for diesel, coupled with the weak dollar, has led refiners to export the fuel even as their use of refinery capacity is at a four-year low, according to market experts.

June 2, 2008
Government, Business

Weak U.S. Dollar Boosting Export Freight

NEW YORK — U.S. freight carriers are reaping benefits from the weaker dollar as export shipments climb within North America and overseas.

June 2, 2008
Business, Safety

Tonnage Up 2% in April for Sixth Consecutive Month

U.S. truck tonnage rose 2% in April from a year ago, the sixth straight increase in monthly volumes, according to a preliminary report from American Trucking Associations.

June 2, 2008