Trucking 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.
Gasoline Price Rose 5.6 Cents in Past Two Weeks, Lundberg Says
Average U.S. retail gasoline prices rose 5.6 cents in the past two weeks to about $2.61 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.
March 26, 2007Biofuels Use to Surge as Governments Set Consumption Targets
Ethanol and biodiesel production is expected to surge in the next few years as government officials in Europe and the United States set higher targets for consumption and maintain subsidies for producers, a panel of experts predicted at a forum on biofuel policies and trade organized by the German Marshall Fund of the United States.
March 26, 2007Production of Biofuels Predicted to Surge
Paccar to Trim Production at Ohio Kenworth Plant
Paccar Inc., the parent of Kenworth Truck Co., will temporarily shut down production at Kenworth’s Chillicothe, Ohio, plant, the Chillicothe Gazette reported.
March 26, 2007Western Express to Acquire Smithway for $90 Million
Truckload carriers Western Express and Smithway Motor Xpress Corp. said Friday that Western would acquire Smithway for $10.63 per share, in a deal worth about $90 million.
March 23, 2007Senate Panel Passes Measure Restricting Mexican Truck Access
The Senate Appropriations Committee Thursday approved an amendment that would prevent Mexican trucking companies from gaining unrestricted access to U.S. highways until American truckers are afforded the same access in Mexico.
March 23, 2007Existing ºÚÁϳԹÏÍø Sales Jump 3.9% in February
Existing home sales rose 3.9% in February, the most in three years, the National Association of Realtors said Friday.
March 23, 2007Qualcomm, GE Trailer, SkyBitz Announce Product Expansions
LAS VEGAS — Qualcomm Inc., GE Trailer Fleet Services and Sky-Bitz, three of the largest providers of trailer-tracking technology, each announced new customers and product expansions and enhancements here last week.
March 23, 2007Carriers See Slight Rebound in March Truckload Freight
LAS VEGAS — Truckload carrier executives and industry observers here said almost uniformly there has been a slight rebound in freight demand in recent weeks, but they were unsure whether a significant pickup would occur in the second half of the year.
March 23, 2007Turnover Falls at Large TL Carriers
Driver turnover at large truckload carriers dropped 13% last year — the first decline since 2001 — while it rose by an identical percentage at smaller truckload carriers, according to American Trucking Associations.
March 23, 2007Follow Us
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