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.

BusinessSafetyGovernment

Trimac Names Connard U.S. Unit President

Bulk transporter Trimac Transportation said it had promoted Tom Connard to president of Trimac’s U.S. operations.

February 11, 2008
BusinessFuelGovernmentSafetyLogistics

Towne Air Freight Buys Synergy Cargo Logistics

Towne Air Freight said it acquired Synergy Cargo Logistics, which will give Towne a greater presence in the southwestern United States. Terms were not disclosed.

February 11, 2008
BusinessSafetyGovernment

DOT Budget Cuts Highway Funding

President Bush’s proposed Transportation Department budget for next year would increase DOT’s spending slightly but cut highway spending more than $2 billion from last year, and it proposes to borrow funds from mass transit to cover a shortfall in the Highway Trust Fund.

February 11, 2008
BusinessGovernmentSafety

Carriers Focus on Business Fundamentals to Get Through Hard Times

If there is a silver lining in the current freight recession, it might be that the challenging economic environment is forcing carriers to focus more closely on business fundamentals to keep the bottom line healthy.

February 11, 2008
BusinessGovernmentSafetyFuelEquipment

Maintenance Execs Say Costs, DPF Service Are Top ’07 Issues

ORLANDO, Fla. — Uncertainty about the life cycle of key emission control components and higher maintenance costs have emerged as the top concerns fleets have with 2007 heavy-duty diesel engines, maintenance and equipment heads at several major carriers said here.

February 11, 2008
Business

Union Strikes Volvo Truck Plant in Va.

About 2,500 members of United Auto Workers walked off their jobs at the only Volvo-Mack over-the-road assembly plant in North America, shutting down production Feb. 1, after the union and Volvo Trucks North America failed to agree on a new contract.

February 11, 2008
BusinessSafetyGovernment

DOT Approves I-73 Project in South Carolina

The Department of Transportation said Friday that South Carolina can move forward with its plans to build Interstate 73 in the state.

February 8, 2008
Business

UTI Worldwide to Cut Workforce

Freight forwarder UTI Worldwide plans to cut its workforce by 7%, eliminate divisions in the Americas and Africa and restructure management in an effort to its boost its profitability, the company said Friday.

February 8, 2008
BusinessGovernment

Wholesale Inventories Rise 1.1%

Wholesale inventories rose 1.1% in December, though sales fell 0.7%, the Commerce Department said Friday.

February 8, 2008
BusinessSafety

Truck Fatality Figures Reach Record Lows, ATA Says

Three of the primary measures of large truck safety fell to record lows in 2006, American Trucking Associations said Friday.

February 8, 2008