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.

GovernmentBusinessSafetyFuel

CARB Adopts Emission Rules; Truckers Decry Added Costs

The California Air Resources Board has adopted two new rules requiring carriers to add expensive emission-control devices to their trucks and to use fuel-saving equipment endorsed by the U.S. Environmental Protection Agency’s SmartWay program.

December 22, 2008
GovernmentBusinessSafety

LaHood Likely DOT Pick

President-elect Barack Obama is expected to name retiring Illinois Republican U.S. Rep. Ray LaHood to be his transportation secretary.

December 22, 2008
GovernmentBusinessSafetyFuel

Diesel, Gasoline Prices Decline

U.S. fuel prices continued their steep three-month declines last week, even as the cartel of oil-producing nations announced a record cut in production in an attempt to lift global oil prices in 2009.

December 22, 2008
BusinessSafetyGovernment

Obama Formally Nominates DOT, Labor Secretaries

President-elect Barack Obama Friday formally named Rep. Ray LaHood (R-Ill.) to be his Transportation Secretary and Rep. Hilda Solis (D-Calif.) to be Secretary of Labor.

December 19, 2008
BusinessSafetyFuelEquipment

Cummins’ Emissions Unit Lays Off 100 at Wisconsin Plant

Diesel engine maker Cummins Inc.’s emissions subsidiary will lay off about 100 workers at a Wisconsin plant, effective immediately, because of the slumping North American truck market, the company said.

December 19, 2008
Business

Government Approves $17.4 Billion Auto Industry Bailout

The Bush administration Friday approved an emergency $17.4 billion bailout of the U.S. auto industry, offering loans in exchange for concessions from automakers and their workers, the Associated Press reported.

December 19, 2008
Business

Oil Steady Below $37 a Barrel

Oil was steady early Friday after closing Thursday below $37 a barrel on the New York Mercantile Exchange, the first time it closed below $40 in more than four years, Bloomberg reported.

December 19, 2008
BusinessGovernmentTechnologyEquipmentSafety

Ryder to Cut 700 U.S. Jobs; Scale Back International Business

Ryder System will scale back its international business and cut 700 U.S. jobs while temporarily laying off 1,425 workers and focusing its operations on the United States, Canada, Mexico and the United Kingdom.

December 19, 2008
BusinessSafetyEquipmentAutonomous

ATA Report Shows Increase in Trucking Miles

Class 8 trucks rolled up 139.3 billion miles in 2006, up from 130.5 billion in 2005, according to American Trucking Associations’ American Trucking Trends 2008-2009 report, released this week.

December 19, 2008
Business

TMA Names New President

The Truck Manufacturers Association has named Timothy Blubaugh as its president.

December 19, 2008