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.

GovernmentBusinessSafetyFuel

Letters to the Editor: Hours of Service, Hard Questions, Fuel Discounts

After spending more than 32 years in this industry, nothing really surprises me anymore. However, with regards to all the political groups who seem to know more about our industry than we do, their members are probably the first to complain when the new stove, washer-dryer, etc., isn’t delivered on time.

February 27, 2008
FuelGovernmentBusiness

Oil Soars Past $102; Fuel Prices Seen Straining Economy

Crude oil rose to more than $102 barrel in early trading Wednesday, the first time it has topped that level, Bloomberg reported.

February 27, 2008
BusinessSafetyGovernment

Fleets Urge FMCSA to Keep 11th Hour, 34-Hour Restart

Several large trucking fleets have urged the Federal Motor Carrier Safety Administration to retain the 11th hour of driving and the 34-hour restart in its hours-of-service regulations, saying those provisions have improved highway safety and given drivers the flexibility to adjust to unexpected delays.

February 27, 2008
BusinessGovernment

Durable Goods Orders Fall 5.3%

Durable goods orders fell 5.3% in January, the Commerce Department said Wednesday.

February 27, 2008
Business

European Truck Sales Surge 23% in January

European heavy-duty truck sales surged 23% in January, led by sales in France and the United Kingdom, as transport firms expanded their fleets and replaced aging vehicles, Bloomberg reported Tuesday.

February 26, 2008
GovernmentBusiness

Consumer Confidence Falls in February

Consumer confidence declined in February, the New York-based Conference Board said Tuesday.

February 26, 2008
Business

Oil Closes at Record $100.88 a Barrel

Oil closed at a record $100.88 a barrel Tuesday, topping last week’s first close of more than $100, Bloomberg reported.

February 26, 2008
GovernmentBusinessLogistics

Schenker Chairman Hagar Resigns

Hans-Jörg Hager, chairman of the board of Schenker Logistics, will step down from his position this year, the company said Tuesday.

February 26, 2008
GovernmentBusinessSafetyFuelLogistics

Diesel Jumps 15.6¢ to a Record $3.552 a Gallon

The national average price of diesel fuel jumped 15.6 cents to a record $3.552 a gallon, shattering the previous mark set three months ago by 10.8 cents, the Department of Energy said Monday.

February 26, 2008
Business

Trailer Bridge’s Losses Widen in 4Q

Trailer Bridge Inc. said Tuesday it lost $67,334, or 1 cents a share in the fourth quarter of 2007, compared with earnings of $8.9 million or 72 cents in the 2006 fourth quarter.

February 26, 2008