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, Safety, Technology, Equipment

Melton to Make Iteris’ System Standard

Iteris Inc., which makes safety systems for trucks, said Wednesday that flatbed carrier Melton Truck Lines will make Iteris’ lane departure warning systems standard equipment on about 1,000 new trucks over the next three years.

September 26, 2007
Business

Oakland Port May See Backlog

The Port of Oakland could see a backlog of up to a week following the death of a dockworker killed on the job, news reports said Wednesday.

September 26, 2007
Business, Logistics

GM, UAW Reach Accord to End Strike

The United Auto Workers and General Motors Corp. reached a tentative contract early Wednesday to end the union’s two-day national strike, the Associated Press reported.

September 26, 2007
Business, Government

U.S. Xpress ‘Neutral’ on Buyout Offer

U.S. Xpress Enterprises said Wednesday today that its board “is expressing no opinion and is remaining neutral” about an acquisition offer to take the truckload carrier private for $20.10 a share.

September 26, 2007
Business, Safety, Government

FMCSA Fails to Issue Maximum Fines For High-Risk Carriers, GAO Says

The Federal Motor Carrier Safety Administration is doing a good job of targeting carriers that pose the highest risk of accidents, but fails to follow a 1999 law requiring that maximum fines be given to the most serious safety violators, a new government report said.

September 26, 2007
Business, Government

Durable Orders Drop by Most in 7 Months

Durable goods orders in August saw their biggest drop in seven months, the Commerce Department said Wednesday.

September 26, 2007
Business, Safety, Government

August Tonnage Rises 0.9%

American Trucking Associations’ August for-hire truck tonnage index rose 0.9% from a year ago but dipped 0.8% from July, ATA said Tuesday.

September 25, 2007
Business, Safety, Government

N.J. Freight Plan Calls for Road, Rail, Shipping Improvements

A New Jersey Department of Transportation plan released Tuesday recommends improvements in the state’s roadways and other freight passages to maximize the economic benefits of more efficient freight movement.

September 25, 2007
Fuel, Business, Government

Diesel Jumps 6.8¢ to $3.032

Diesel fuel jumped past the $3 mark Monday, gaining 6.8 cents to $3.032 a gallon, the Energy Department said following its weekly retail price survey.

September 25, 2007
Business, Logistics

Existing ϳԹ Sales Drop to 5-Year Low

Existing homes sales fell in August to a five-year low, the National Association of Realtors said Tuesday.

September 25, 2007