April truck tonnage jumped 2% from a year ago, marking the sixth consecutive increase, American Trucking Associations said.
May 23, 2008Trucking 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.
House OKs Excise Tax Exemptions for APUs
The House of Representatives passed a bill last week that included a tax break for companies purchasing trucks with auxiliary power units or advanced insulation by exempting the cost of those items from the federal excise tax on trucks.
May 27, 2008SoCal Thieves Steal Six Big Rigs; Strip Steel Rolls
Thieves stole six tractor trailers in Long Beach, Calif., that were carrying 40,000-pound steel coils valued at $150,000, the Long Beach Press-Telegram reported Tuesday.
May 27, 2008I-5 Closures to Begin Friday in Sacramento
California work crews will close parts of Interstate 5 in Sacramento starting Friday, the California Department of Transportation said on its Web site.
May 27, 2008Freight Rates to Rise Sharply After Recovery, TL Execs Say
NEW YORK — Shippers can expect hefty rate increases from truckload carriers, possibly as early as next quarter, because shrinking capacity is bringing supply more in line with demand, said carrier executives and industry experts.
May 26, 2008Jevic Closes Its Doors After 27 Years in Business
Jevic Transportation, the heavyweight less-than-truckload carrier and vendor to the chemical industry whose rapid growth at an early age once impressed investors, closed its doors and filed for bankruptcy last week after 27 years in business.
May 26, 2008As Tire Retreading Market Grows, So Do Counterfeits, Look-Alikes
As fuel prices have skyrocketed, trucking companies have been forced to look closer at other parts of their businesses to trim costs.
May 26, 2008Crude Price Pushes Fuel Higher
The average retail diesel price continued its meteoric rise last week, surging another 16.6 cents to a record $4.497 a gallon, according to the Department of Energy.
May 26, 2008April Truck Tonnage Jumps 2%
N.J. Motor Truck Assn. Puts Up Link to Help Displaced Jevic Drivers
The New Jersey Motor Truck Association has put a large banner link on its Web site to help the approximately 1,000 truck drivers who were let go from Jevic Transportation this week find work.
May 23, 2008UAW Approves American Axle Contract
Auto parts supplier American Axle and Manufacturing Holdings said Friday it expects production to resume next week after union workers overwhelmingly approved a new contract that contains steep pay cuts and other concessions, the Associated Press reported.
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