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

PHMSA Proposes Hazmat Fee Increase

The Pipeline and Hazardous Materials Safety Administration proposes to more than double the registration fee for companies hauling hazardous materials — to $2,500 a year.

May 12, 2008
Business, Logistics

Clarke Reports First-Quarter Loss

Canadian holding company Clarke Inc. Monday reported a first-quarter loss of C$2.1 million, or 7 cents per share, compared with net income of C$12.1 million, or 28 cents, a year ago.

May 12, 2008
Business

Sprint Nextel’s First-Quarter Loss Widens

Wireless carrier Sprint Nextel Corp. said Monday it had a larger first-quarter deficit as revenue fell, it lost more than a million subscribers and it absorbed charges for severance and other costs, the Associated Press reported.

May 12, 2008
Government, Business, Safety, Fuel

Letters to the Editor: Border Program, Gas Tax Reality, Unpaid Miles, Fuel Prices

I agree with Secretary of Transportation Mary Peters: Congress should continue the cross-border program between the United States and Mexico.

May 12, 2008
Government, Business, Safety

Court Upholds Graves Amendment on Liability

The New York Court of Appeals has upheld the constitutionality of a federal law, known as the Graves Amendment, that bars claims against leasing companies because of actions of equipment lessees.

May 12, 2008
Business

Private Equity Firm Buys Atlanta Carrier

Private equity firm Navigation Capital Partners said Monday it has acquired James Brown Contracting and subsidiaries Brown Trucking Co. and JBT Brokerage.

May 12, 2008
Business, Government

UPS Freight Improves Transit Times from Southeast

UPS Freight said Monday it has reduced transit times on nearly 1,000 traffic lanes originating in Southwest and Southeast metropolitan areas to points across the United States.

May 12, 2008
Government, Business, Safety, Fuel, Equipment

Calif. Says Mack, VTNA, Cummins Engines Meet NOx Standard, Exempt From Idling Rule

The California Air Resources Board has confirmed to Transport Topics that Mack Trucks Inc., Cummins Inc. and Volvo Trucks North America have received certification that their heavy-duty engines meet California’s nitrogen oxide emission standards, providing users an exemption from the state’s five-minute idling regulation.

May 12, 2008
Business, Safety, Government, Logistics

President Bush Declares ‘National Transportation Week’

President Bush declared this week as “National Transportation Week” and Saturday to be “National Defense Transportation Day,” the White House said Friday.

May 12, 2008
Government, Business, Safety

Mexico Seeks Nafta Damages

Mexico’s principal trucking group said its members have lost more than $2 billion a year because the United States has refused to allow cross-border trucking as required by the 1993 North American Free Trade Agreement and that it is seeking damages through arbitration.

May 12, 2008