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.

GovernmentBusinessSafetyTechnologyEquipment

States Eye More Toll Roads

In a whirl of activity that is expected to accelerate in coming years, states are making toll roads a permanent part of the nation’s highway system and eyeing toll dollars as a way to plug gaping budget deficits.

February 9, 2009
Business

Used Truck Sales Woes Mount as Weak Demand Creates Glut

Weak freight demand and an equipment glut continue to cripple the used truck market, and there is little sign of an immediate turnaround, industry experts said.

February 9, 2009
FuelBusiness

Wal-Mart to Test Alternate Fuels, Hybrids in Push to Raise Mileage

Wal-Mart Stores said it will test two types of diesel-electric hybrid trucks and two types of alternatively fueled trucks as part of a continuing effort by the world’s largest retailer to double the fuel efficiency of its 7,200-truck fleet by 2015.

February 9, 2009
BusinessTechnologyEquipmentSafety

Manufacturers Tout Their Choices for 2010

Starting in 2010, fleets buying new trucks will have to decide between two very different engine systems, and manufacturers already are warning that selecting the competing platform will leave the owner with an inferior product.

February 9, 2009
Business

Unemployment Rate Rises to 7.6%; Payrolls Plunge by Almost 600,000

The U.S. unemployment rate rose to a 17-year high in January, rising to 7.6% from 7.2% in December, the Labor Department said Friday.

February 6, 2009
Business

Intermec’s Fourth-Quarter Profit Declines

Supply chain technology firm Intermec Inc.’s fourth-quarter net income dropped to $9.1 million, or 15 cents a share, from $16.5 million, or 27 cents, a year ago.

February 6, 2009
BusinessSafety

Rail, Intermodal Traffic Fall for Week

Rail and intermodal traffic fell for the week ended Saturday from a year ago, the Association of American Railroads said.

February 6, 2009
BusinessTechnologyEquipmentSafetyLogistics

Descartes Buys Oceanwide’s Logistics Business

Descartes Systems Group said Thursday it acquired the logistics business of privately held Oceanwide Inc., in an all-cash transaction of about C$10.4 million ($8.4 million).

February 6, 2009
Business

Sysco Corp.’s 2Q Income Declines

Food-services provider and private fleet operator Sysco Corp. said its fiscal second-quarter operating income fell to $422 million, or 40 cents a share, from $449 million, or 43 cents, a year ago.

February 6, 2009
BusinessFuel

Freight Market Decline Continues

Your newspaper this week shows just how difficult things are for carriers these days, as freight rates and volumes continue to nose dive while shippers push for lower fuel surcharges and better deals.

February 6, 2009