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

Con-way Adopts Nationwide Business Model

Con-way Freight, the nation’s third-largest less-than-truckload carrier, said Wednesday it is abandoning the business model it has used since its founding in 1983 and reorganizing itself as a single, nationwide operating company.

August 22, 2007
Business, Fuel, Government

Oil Steady Below $70 Following DOE Inventory Report

Oil prices were steady Wednesday following a Department of Energy report that showed increases in inventories last week, Bloomberg reported.

August 22, 2007
Business, Safety, Government

DOT Inspector General Urges Strict Mexican-Truck Oversight

The Transportation Department needs tighter controls on Mexican truck and bus drivers with driving convictions and greater ability to inspect vehicles at the border, DOT’s inspector general’s office said Tuesday, Bloomberg reported.

August 21, 2007
Fuel, Business, Government

Diesel Rises 2.1¢ to $2.868

The U.S. average retail price of diesel fuel rose 2.1 cents to $2.868 a gallon from a week ago, the Department of Energy reported Monday.

August 21, 2007
Government, Business, Safety

Judge Upholds NYC Bridge Restrictions

New York authorities acted legally last week when imposing weight restrictions on heavy trucks that use city’s Throgs Neck Bridge, New York Newsday reported Friday.

August 21, 2007
Government, Business, Safety

No EOBR Rule Imminent, FMCSA Official Says

HILTON HEAD, S.C. — Four months after the public comment period for the proposed electronic onboard recorder rule closed, a Federal Motor Carrier Safety Administration official said those comments were still being reviewed and no final rule was imminent.

August 21, 2007
Government, Business, Safety

Letters to the Editor: HOS (Cont’d.), CDL Database, Car-Only Lanes

I continue to read and hear about the hours-of-service rules, so I have to voice a concern: The one aspect that has bothered me since the change is that once the clock starts, the 14 hours doesn’t stop.

August 21, 2007
Business

Pa. I-80 Tolling Plan Moving Forward

Despite opposition, Pennsylvania hopes to have tolls in place on Interstate 80 within three years, the Philadelphia Inquirer reported Tuesday.

August 21, 2007
Business, Government, Fuel

Oil Steady as Hurricane Dean Bypasses Most Gulf Platforms

Crude oil prices were little changed Tuesday as Hurricane Dean bypassed most U.S. oil platforms and refineries in the Gulf of Mexico, Bloomberg reported.

August 21, 2007
Business, Safety, Government, Logistics

Menlo Wins $1.6 Billion DoD Contract

Con-way Inc.’s  third-party logistics unit Menlo Worldwide has been selected as the prime contractor for the U.S. Defense Department’s Defense Transportation Coordination Initiative.

August 20, 2007