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

Initial Jobless Claims Rise by 17,000 for Week

Initial jobless claims rose by 17,000 last week, the Labor Department said Thursday.

April 17, 2008
Business

Bush Proposes Climate-Change Strategy

President Bush Wednesday called for a halt in the growth of greenhouse gases by 2025, the Associated Press reported.

April 17, 2008
Business, Government, Equipment

Hino Shifting Medium-Duty Work to W. Va.

Hino Motors Ltd. said it will halt assembly of trucks in California and shift the work to a West Virginia factory to consolidate U.S. production, Bloomberg reported.

April 17, 2008
Business

Grocery Chain Supervalu Reports Record Earnings

Grocery chain Supervalu Inc. said Thursday its fiscal fourth-quarter sales and earnings reached records.

April 17, 2008
Business

iTECH: Truck Telematics Ripe for Growth, Market Study Says

The market for commercial vehicle telematics in North America may be poised for a second wave of innovation and growth, according to a market study.

April 16, 2008
Business, Safety, Government

Lovetro to Become USF Holland’s President, YRC Says

YRC Worldwide unit USF Holland’s president, John O’Sullivan, has left his position and will be succeeded by Keith Lovetro, who leads YRC’s Regional Transportation unit, Bloomberg reported Wednesday.

April 16, 2008
Fuel, Business, Government

Fed ‘Beige Book’ Cites Sluggish Economy

Nine of the Federal Reserve’s 12 districts reported that economic conditions weakened from late February through early April, and the Fed said record high fuel costs were hurting trucking companies who were struggling to pass on the soaring costs to customers.

April 16, 2008
Business, Safety, Government

Opinion: Preparing for DOT’s Driver Physical

For most truckers, the U.S. Department of Transportation physical is just an inconvenience, but for some, it can be a major hurdle. Commercial drivers are understandably concerned, because without the Medical Examiner’s Certificate, they would be out of a job.

April 16, 2008
Business, Safety, Government, Autonomous

ATA Chairman Kuntz Testifies at Senate Hearing

WASHINGTON — American Trucking Associations Chairman Ray Kuntz asked a Senate committee Wednesday to make fundamental changes to federal surface transportation programs in order to allow the trucking industry to move freight more efficiently.

April 16, 2008
Government, Business, Safety, Fuel

TMC Chairman Hilton Says Council Will Seek ‘Heavy-Duty’ Service Members

Brent Hilton, the 2008 chairman of the Technology & Maintenance Council, said one of the focuses of his term will be to increase membership among service dealerships that perform essential “heavy-duty” maintenance for trucking.

April 16, 2008