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, Autonomous

ATA Urges Congressional Action on Drug, Alcohol Testing

American Trucking Associations Wednesday called on Congress to help the trucking industry to improve highway safety by supporting efforts to enhance drug and alcohol testing for the nation’s 3.4 million truck drivers.

May 21, 2008
Business

Fed Minutes Show ‘Close Call’ on April Rate Cut

Federal Reserve officials viewed the decision to cut the benchmark interest rate last month as a close call, according to minutes of the meeting released Wednesday.

May 21, 2008
Government, Business, Safety, Fuel, Logistics

UPS Moving Asia Air Hub to China

UPS Inc. said Wednesday it is moving its primary intra-Asia air hub to southern China, from the Philippines, to save money and reduce transit times across Asia.

May 21, 2008
Business, Fuel, Government

Military Showing Interest in Alternate Fuels, Journal Says

The U.S. military, which is the country’s largest single consumer, is engaged in an aggressive plan of alternative fuels development and testing, the Wall Street Journal reported Wednesday.

May 21, 2008
Business

DHS Sets $844 Million in Security Grants for Ports, Infrastructure

The Department of ϳԹland Security said it is awarding more than $844 million in grants to protect U.S. ports and infrastructure.

May 21, 2008
Government, Business, Safety, Fuel

Letters to the Editor: Complex Engines, Soaring Fuel Prices, 55-mph Speed Limit

The article concerning increasingly complex diesel engines theoretically can be translated directly into increased revenue for dealership maintenance shops, but there are a lot of “ifs” and “buts” surrounding these statements.

May 21, 2008
Business, Safety

Fed Grant Ending ATA’s Highway Watch Program

The Department of ϳԹland Security has awarded a $15.5 million trucking security grant to an Alexandria, Va., firm, effectively ending American Trucking Associations’ four-year-long Highway Watch program.

May 21, 2008
Business, Equipment

Bridgestone Buys Stake in Japanese Tire Maker

Tire maker Bridgestone Corp. will take an 8.7% in Japan’s Toyo Tire, which will in turn purchase 0.5% of Bridgestone, the two said in a statement, Bloomberg reported.

May 21, 2008
Business, Safety, Government

Jevic Files for Bankruptcy Following Closure Notice

A day after it announced it would fold its business operations, Jevic Transportation has filed for Chapter 11 bankruptcy protection, Bloomberg reported.

May 20, 2008
Business, Safety, Government

Pa. Trucking Group Voices Concerns on Turnpike Lease

The head of the Pennsylvania Motor Truck Association said a plan backed by Gov. Ed Rendell (D) to lease the Pennsylvania Turnpike for 75 years “does not meet the needs of the transportation community at large.”

May 20, 2008