Trucking Business News

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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.

GovernmentBusiness

Personal Spending Declines in November

Consumer personal spending fell 0.6% in November, the Commerce Department said Wednesday.

December 29, 2008
BusinessSafety

Intermodal Traffic Plunges for Week

Rail and intermodal traffic plunged for the week ended Dec. 20 from a year ago, the Association of American Railroads said.

December 29, 2008
Business

Initial Jobless Claims Reach 26-Year High

First-time unemployment claims rose to a 26-year high for the week ended Dec. 20, the Labor Department said Wednesday.

December 29, 2008
Business

Truck Sales Gain 2.8% in November

Strong volume increases at Freightliner and Navistar drove the expansion of U.S. heavy-duty truck sales into a sixth month during November, although for the full year, purchase levels are all but guaranteed to fall below those of 2007, according to the latest survey from WardsAuto.com.

December 29, 2008
Business

Trailer Makers Expect Little Joy in 2009

Saddled with widespread layoffs and continued slumping sales, trailer manufacturers have low expectations for 2009, as fleet customers hunker down to cope with a recession, dwindling freight markets and tight credit.

December 29, 2008
BusinessSafety

Driver Turnover at Truckload Carriers Drops to Lowest Levels

Truckload driver turnover rates fell to the lowest levels since American Trucking Associations began collecting the data in 1995, as trucking companies cut jobs and trimmed the size of their fleets in the face of sharply falling freight-hauling demand in the third quarter.

December 29, 2008
GovernmentBusinessSafety

Public Citizen Leads New Challenge to HOS Rule

A coalition of advocacy and labor groups last week again challenged the revised driver hours-of-service rule, asking the Federal Motor Carrier Safety Administration to reconsider provisions in the rule that allow truckers to drive 11 hours in a workday and reset their weekly hour limit by taking 34 hours off.

December 29, 2008
BusinessSafety

Truck Tonnage Falls 1.8% in November

Truck tonnage fell 1.8% in November from the same month last year, matching October’s year-over-year downturn, and “the freight outlook remains bleak,” American Trucking Associations said.

December 23, 2008
BusinessSafetyGovernment

TTNews.com to Close for Christmas Holiday

Transport Topics Online will be closed Thursday and Friday for the Christmas holiday. Please check back on Monday, Dec. 28, for the latest trucking and freight transportation news.

December 23, 2008
FuelBusinessLogisticsGovernment

Diesel Drops 5.6¢ to $2.366; Gasoline’s Decline Slows

The national average price of diesel fuel fell 5.6 cents to $2.366 a gallon, while gasoline’s decline slowed to less than a penny, the Department of Energy reported Monday.

December 23, 2008