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.

BusinessGovernmentSafetyFuel

Navistar Says ‘Coalition’ Grows To Ease 2010 Emissions Rule

A Navistar Inc. spokesman said that a “coalition is building” around the company’s call to the incoming Obama administration to ease 2010 emissions mandates, but the Environmental Protection Agency said its tightened standards would go into effect without delays.

December 8, 2008
GovernmentBusinessSafety

Long Beach Port Delays Container Fee

Commissioners at the Port of Long Beach, Calif., on Dec. 1 voted to delay collection of an infrastructure cargo-container fee for at least six months.

December 8, 2008
BusinessEquipment

Celadon Group Buys Continental Express

Truckload carrier Celadon Group said it paid $24 million to acquire the truckload, intermodal and brokerage businesses of Continental Express.

December 8, 2008
BusinessSafetyGovernment

Patriot’s Fiscal 4Q Income Rises

Tank and bulk carrier Patriot Transportation Holding earned $3.2 million, or $1.02 a share, in its fiscal fourth quarter, up from $2.3 million, or 74 cents, in the 2007 quarter.

December 8, 2008
GovernmentBusinessSafetyFuel

E&MU: Warming to Global Engines

Volvo AB and Daimler AG are producing global heavy-duty engine platforms for use in North America, Europe and Asia, and other manufacturers plan to introduce their own versions, pushed by converging emission regulations, the need to reduce research and development costs and to take advantage of economies of scale, according to industry analysts and executives.

December 8, 2008
BusinessLogisticsGovernment

Gasoline Drops 22¢ Over Two Weeks to $1.75 a Gallon, Lundberg Says

The national average price of regular gasoline plunged another 22 cents in the two weeks ended Friday, to $1.75 a gallon, the lowest price in almost five years, according to the latest Lundberg Survey of filling stations released Sunday.

December 8, 2008
GovernmentBusinessSafetyLogistics

FedEx Sets 5.7% LTL Rate Increase

FedEx Corp.’s less-than-truckload units FedEx Freight and FedEx National LTL have each set a 5.7% general rate increase, effective Jan. 5.

December 8, 2008
BusinessGovernmentSafety

Union Offers YRC Savings

The Teamsters tentatively agreed to a 10% wage cut to help YRC Worldwide Inc. cope with the recession as part of a package that, among other things, requires YRC to give the union a 15% stake in the less-than-truckload carrier.

December 8, 2008
GovernmentBusinessSafetyLogistics

FMCSA Issues Medical Rule Requiring Proof of Certification

The Federal Motor Carrier Safety Administration last week issued a final rule requiring all interstate truck drivers to prove they have passed medical examinations and proposed a separate rule setting up a national registry of qualified examiners.

December 8, 2008
FuelBusinessGovernment

Diesel Prices Continue to Fall

Diesel fuel prices continued to slide last week, with the U.S. average falling 4.9 cents to $2.615 a gallon, according to the Department of Energy.

December 8, 2008