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

FMCSA Awards $1 Million in CDL Education Grants

The Federal Motor Carrier Safety Administration said Monday it has awarded a total $1 million in grants to nine technical and community colleges to enhance safety curricula and behind-the-wheel training courses for students enrolled in commercial driver’s license training programs.

June 2, 2008
GovernmentBusinessSafety

DOT Seeks Proposals to Fight Border Congestion

The Department of Transportation said Monday it is requesting proposals for innovative new approaches to reduce traffic tie-ups at some of the nation’s most congested border crossings.

June 2, 2008
BusinessEquipment

Cummins Plans Layoffs at Indiana Pickup-Engine Plant

Diesel engine maker Cummins Inc. plans to temporarily lay off 125 workers from its midrange engine plant in Indiana because of declining pickup truck demand, the Associated Press reported Monday.

June 2, 2008
BusinessGovernment

UPS Freight Extends Guarantee to Canada

UPS Freight, which introduced its on-time performance guarantee in the United States in January, said Monday it has expanded the guarantee to shipments moving in both directions across the Canada-U.S. border.

June 2, 2008
BusinessSafetyGovernment

ISM Factory Index Improves, But Still Shows Contraction

U.S. manufacturing levels improved in May but continued to show contraction, the Institute for Supply Management said Monday.

June 2, 2008
GovernmentBusiness

Construction Spending Falls for Second Straight Month

Construction spending fell for a second straight month in April, the Commerce Department said Monday.

June 2, 2008
BusinessSafetyGovernmentTechnologyEquipment

U.S. Xpress Completes Pinner Purchase

Truckload carrier U.S. Xpress Enterprises said its Xpress Global Systems subsidiary finalized its purchase of Pinner Transportation. Terms were not released.

June 2, 2008
BusinessFuelGovernment

Software Firms Seeing Greater Demand as Fleets Seek Savings, Efficiency Gains

Executives with several software firms said their businesses are awash with inquiries from carriers seeking to streamline operations as they struggle with record fuel prices and sluggish freight demand.

June 2, 2008
BusinessTechnologyEquipmentSafety

Iteris Reports Higher Income for Quarter, Fiscal Year

Iteris Inc., which makes lane-departure warning systems for the trucking industry, reported its fiscal fourth-quarter profit improved from a year ago.

June 2, 2008
Business

South Korea Delays Plan to Import U.S. Beef

South Korea said it was delaying the planned resumption of U.S. beef imports, following weekend protests in that country, the Associated Press reported Monday.

June 2, 2008