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.

BusinessSafetyFuel

ATA Seeks to Block Calif. Port Talks Over Clean Trucks Proposals

American Trucking Associations’ Intermodal Motor Carriers Conference has asked the Federal Maritime Commission to block the ports of Long Beach and Los Angeles and terminal operators from discussing and entering into agreements related to the ports’ clean trucks program.

March 10, 2008
BusinessGovernmentFuel

CARB Set to Distribute $25 Million in Truck Retrofit, Replacement Grants

California environmental regulators said they will soon decide how to distribute early grants totaling $25 million for truck retrofits and replacements to help reduce diesel emissions at the state’s ports and intermodal facilities.

March 10, 2008
BusinessSafetyGovernment

Peters Urges Congress to Back Mexican Trucks Program

Transportation Secretary Mary Peters said Monday that Congress should not halt efforts of a cross-border trucking program between the United States and Mexico.

March 10, 2008
BusinessSafetyGovernment

Sen. Dorgan Tells Peters DOT is ‘Arrogant’ for Refusing to Block Cross-Border Funding

Sen. Byron Dorgan (D-N.D.) told Transportation Secretary Mary Peters that her department was “arrogant” in its refusal to go along with what he said Congress intended when it prohibited funding for the DOT’s controversial U.S.-Mexico border trucking program.

March 10, 2008
GovernmentBusinessTechnologyEquipmentSafety

Midwest Hit By Snowstorm

Highway and utility crews worked overtime Sunday to recover from a big storm system that buried Ohio and other parts of the Midwest in snow, the Associated Press reported.

March 10, 2008
BusinessSafetyGovernment

Trimac Reports Fourth-Quarter Profit

Canada-based transportation firm Trimac Income Fund said its fourth-quarter net earnings were C$2.2 million or about 9 cents per unit, compared with C$3.1 million or 8 cents a year earlier.

March 10, 2008
GovernmentBusinessSafetyFuel

TCA Chiefs Report Little Sign of Freight Tonnage Recovery

NASSAU, Bahamas — Leaders of the Truckload Carriers Association said their members have seen no improvement in the thin freight market, despite reports that tonnage has increased in the past three months, and that their other great worry was sharply rising fuel prices.

March 10, 2008
Business

VW Buys Control of Scania; MAN Merger Could Follow

Volkswagen AG last week bought a controlling share in Swedish truck maker Scania AB, possibly clearing the way for a three-way merger with German truck maker MAN AG, a combination that would create Europe’s largest heavy-truck producer.

March 10, 2008
GovernmentBusinessSafety

Upcoming Changes in White House, Congress Cloud Picture for Trucking Industry’s Future

While politicians and pollsters count up votes and delegates in the long, slow march to the presidential election this November, trucking industry officials said the upcoming change in power clouds the industry’s outlook for 2009 and beyond.

March 10, 2008
BusinessLogisticsGovernment

Diesel Again Hits Record, at $3.658

Retail diesel prices jumped another 10.6 cents a gallon last week to a new record national average of $3.658; diesel has now risen 37.8 cents a gallon over the past three weeks.

March 10, 2008