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.

GovernmentBusinessSafety

GM Posts 4Q, Full-Year Loss

General Motors Corp. said Tuesday it took a fourth-quarter loss of $722 million and that it enhanced a buyout plan for its 74,000 U.S. United Auto Workers employees, Bloomberg reported.

February 12, 2008
Business

Express-1’s Earnings Dip

Express-1 Expedited Solutions said Tuesday it earned $457,000, or 2 cents a share, in the fourth quarter, down from $1.6 million, or 6 cents, in the previous fourth quarter.

February 12, 2008
BusinessSafety

Accident Shuts Down I-84 in Conn.

A Tuesday morning truck accident that caused hydrogen gas to leak prompted a shutdown of Interstate 84 in both directions near Waterbury, Conn., the Associated Press reported.

February 12, 2008
FuelBusinessLogisticsGovernment

Diesel Price Unchanged at $3.28

The average national price of retail diesel fuel held at $3.28 a gallon from a week ago, the Department of Energy said Monday.

February 11, 2008
Business

Old Dominion Buys Montana Carrier

Less-than-truckload carrier Old Dominion Freight Line said Monday it signed an agreement to buy a Montana trucking company. Terms were not released.

February 11, 2008
BusinessGovernmentSafetyFuel

Letters to the Editor: Reefer Rules, Fuel Tax Increase, Left Lane ‘Ban’

Transport Topics does a service to its readership with its continuing coverage of environmental regulations, and the Jan. 21 issue is no exception.

February 11, 2008
BusinessLogistics

Wabash’s Profit Improves; Sales Dip

Trailer maker Wabash National Corp. said Monday its fourth-quarter profit was $5.6 million, or 18 cents a share, compared with a loss of $5 million, or 16 cents, a year ago.

February 11, 2008
GovernmentBusinessTechnologyEquipmentSafety

Ryder Boosts Dividend

Ryder System’s board approved a 2-cent increase in its quarterly dividend, to 23 cents a share.

February 11, 2008
BusinessSafetyGovernmentLogistics

NHTSA Seeks Ways to Use Technology to Reduce Truck-Involved Fatalities

A high-ranking federal safety regulator said truck-involved fatalities have been stuck at a “relatively flat” level for years, and that trend leads officials at the National Highway Traffic Safety Administration to recommend using “Buck Rogers”-style technologies to lower accident rates.

February 11, 2008