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.

BusinessGovernment

Ohio Eyes Higher Fines for Overweight Trucks

The Ohio State Patrol wants higher fines for trucks carrying overweight loads, the Associated Press reported Monday.

February 4, 2008
Business

UPS, J.B. Hunt Boost Dividends

UPS Inc. and J.B. Hunt Transport Services each announced they would increase their upcoming dividend payments.

February 4, 2008
GovernmentBusinessFuel

Oil Falls to Near $88 a Barrel

Crude oil prices fell for a third trading day in pre-market trading Monday, with futures falling almost $1 to $88.07 a barrel on the New York Mercantile Exchange, Bloomberg reported.

February 4, 2008
BusinessLogistics

Express-1 Unit Buys Logistics Firm

Express-1 Expedited Solutions said it bought Concert Group Logistics for $9 million in cash and 4.8 million shares of stock.

February 4, 2008
Business

Delphi’s Loss Increases; Bankruptcy Plan Approved

Parts maker Delphi Corp. reported a net loss in December of $964 million, more than double that of the same month a year earlier, Bloomberg reported.

February 4, 2008
BusinessTechnologyEquipmentSafety

Karmak Updates Its Management System

Karmak Inc., a software supplier for the trucking industry, said it has released a major update of its Legend business management system, designed solely for the heavy-duty trucking industry.

February 4, 2008
GovernmentBusinessSafety

ATA Leaders Agree on Need for Unity to Address Key Issues

WASHINGTON — With an eye on the congressional debate next year over reauthorizing transportation legislation, leaders of American Trucking Associations agreed on the need for the industry to come together on key issues and established a task force to work on safety issues.

February 4, 2008
BusinessGovernmentSafetyFuel

Oberstar Criticizes Administration on Handling of Transport Issues

WASHINGTON — The Democratic chairman of the House Transportation and Infrastructure Committee, in a speech to American Trucking Associations’ winter meeting here, delivered a scathing criticism of the Bush administration’s handling of transportation issues as he backed the report of a congressional commission that called for major federal spending on infrastructure funded by fuel-tax increases.

February 4, 2008
BusinessSafetyLogisticsGovernment

Truck Tonnage Rises 1.4% in December

December truck tonnage increased by 1.4% from year-ago levels, the first back-to-back improvement in freight volume since May and June 2006, American Trucking Associations reported in its national index.

February 4, 2008
BusinessGovernmentSafetyFuel

Fleets Weigh Competing Technologies as New Emission Standards Loom

Truck buyers for some of the nation’s largest fleets are already contemplating their choices for the January 2010 generation of heavy-duty truck engines. Their challenge is matching the original equipment manufacturers they like with one of the two main technologies upon which the OEMs will rely.

February 4, 2008