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

Patriot CEO Anderson to Retire in February

Patriot Transportation Holding said that Chief Executive Officer John Anderson will retire in February. He will be succeeded by John Baker.

December 6, 2007
GovernmentBusinessLogistics

Teamsters, Canadian Pacific Reach Tentative Pact

The Teamsters Canada Rail Conference, which represents 4,500 locomotive engineers and conductors, reached an agreement with rail line Canadian Pacific on a revised tentative five-year contract settlement, CP said.

December 6, 2007
Business

Jobless Claims Drop 15,000 for Week

Initial jobless claims fell by 15,000 last week to 338,000, the Labor Department said Thursday.

December 6, 2007
BusinessGovernment

I-5 in Wash. State May Reopen to Truck Traffic Thursday

Interstate 5, part of which has been closed in Washington state since Monday due to flooding, could reopen to limited truck traffic Thursday night, the Seattle Times reported on its Web site.

December 6, 2007
GovernmentBusiness

Celadon Completes Share Repurchase; Sets New Plan

Truckload carrier Celadon Group said Wednesday it has completed the two million share stock repurchase program authorized by its board in late October.

December 5, 2007
FuelBusinessGovernment

Oil Falls Following DOE Report

Oil prices dipped Wednesday following an Energy Department report that showed distillate inventories, which include diesel fuel and home heating oil, rose last week.

December 5, 2007
BusinessSafetyGovernment

TWIC Enrollment Continues at U.S. Ports

Registration for truck drivers and other transportation workers to get the Transportation Workers Identification Credential, a biometric identification credential that will be required for unescorted access to secure areas at all U.S. ports.

December 5, 2007
BusinessSafetyGovernment

ARTBA to Seek Exemption from HOS for Drivers in Construction Sector

WASHINGTON — The American Road and Transportation Builders Association said it would seek an exemption from federal hours-of-service rules for drivers in the construction industry, even as the group representing state enforcement officials said they would look to roll back the exemptions already in place.

December 5, 2007
BusinessGovernment

N.C. Trucking Association Sets Safety Program

The North Carolina Trucking Association has teamed up with the Governor’s Highway Safety Program in launching a new state initiative aimed at enhancing commercial vehicle safety.

December 5, 2007
BusinessSafetyGovernment

ISM Services Index Declines in November

The economy’s service sector growth rate declined in October, the Institute for Supply Management said Wednesday.

December 5, 2007