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.

BusinessSafetyGovernment

Covenant Reports $7.8 Million 1Q Loss

Covenant Transportation Group said late Monday it lost $7.8 million, or 56 cents a share, in the first quarter, compared with a loss of $2.1 million, or 15 cents, a year ago.

April 21, 2008
Business

Marten Reports Drop in First-Quarter Income

Refrigerated truckload carrier Marten Transport said its first-quarter net income was $2.7 million, or 12 cents a share, down from $4.6 million, or 21 cents, a year ago.

April 21, 2008
GovernmentBusinessSafetyFuel

Forward Air Reports Steady 1Q Income

Forward Air Corp.’s first-quarter profit was $10 million, or 35 cents a share, compared with $10.3 million, or 34 cents, a year earlier.

April 21, 2008
Business

Volvo Sets More Layoffs at Va. Truck Plant

Volvo Trucks North America plants to lay off 1,100 workers at a Virginia truck production plant next month, citing a weak economy and sagging truck sales, the Roanoke Times reported.

April 21, 2008
Business

Mississippi Bridge Span Reopened

The $338 million Biloxi-Ocean Springs bridge in Mississippi reopened to traffic earlier this month, the Associated Press reported.

April 21, 2008
BusinessTechnologyEquipmentSafetyGovernment

TransCore Unveils Rate Index Pro Database

Trucking technology system provider TransCore said its new Rate Index Pro product will provide single-lane, real-time truckload information that can be used in pricing and contract negotiations.

April 21, 2008
Business

Daimler Sets Truck Venture With Indian Firm

Daimler AG and India’s Hero Group will invest about $1.1 billion in the next five years as Daimler seeks to expand in India, the company said.

April 21, 2008
BusinessFuelGovernment

Railroads Showing Strong Growth, Paper Says

Freight railroads are benefitting from high diesel fuel prices, truck driver shortages and a growing “green” movement, the Washington Post reported Monday.

April 21, 2008
GovernmentBusinessSafety

Medical Panel Discusses Driver Rules

ARLINGTON, Va. — The Federal Motor Carrier Safety Administration’s medical review board backed a proposal to recommend to the agency that drivers who have undergone successful kidney-transplant surgery can resume driving 90 days later.

April 21, 2008
Business

Mortgage Crisis Chills Market for Road Privatization Schemes

Wall Street’s subprime mortgage crisis has chilled the market for private infrastructure funding by making it more expensive for investors to get financing, according to interviews with several executives.

April 21, 2008