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.

Business

Nardelli to Lead Chrysler

Chrysler LLC, the U.S. automobile manufacturing unit of Daimlerchrysler, has appointed Jeff Nardelli as its chief executive officer, Bloomberg News reported Monday.

August 6, 2007
GovernmentBusinessSafetyEquipment

Cooper Tire's 2Q Income Improves

Cooper Tire and Rubber Co. said Monday its net income rose to $17.6 million or 28 cents a share, compared with a net loss of $21 million or 34 cents a share a year ago.

August 6, 2007
Business

Trailer Bridge's Losses Narrow in Q2

Trailer Bridge Inc. said Monday it lost $1.9 million or 16 cents a share in the second quarter, compared with a loss of $9 million or 76 cents a year ago.

August 6, 2007
BusinessSafetyGovernmentLogistics

Penske to Manage European Supply Chain for Bombardier

Penske Logistics has been selected as the lead logistics provider for Bombardier Transportation’s European operations, the company said Monday.

August 6, 2007
BusinessGovernment

N.C. Highway Use Tax Hike Fails to Pass

North Carolina legislators have adjourned without passing a proposed increase in the state’s highway use tax, the Truck Rental and Leasing Association said.

August 6, 2007
BusinessSafetyGovernment

Hub International Acquires Two Trucking Insurers

Hub International Transportation Insurance Services has acquired two San Antonio-based insurance brokers that provide coverage to the trucking industry, the company said Monday.

August 6, 2007
BusinessSafety

June Tonnage Falls 3.4%

Freight volumes fell in June from year-ago levels for the 11th time in 12 months, American Trucking Associations reported last week, even though second-quarter U.S. economic activity rebounded nicely over the disappointing first quarter.

August 6, 2007
BusinessGovernmentSafety

Bridge Collapse Points to Need For Road Funds, Officials Say

The catastrophic collapse of the Interstate 35 bridge in Minneapolis last week underscores the need for increased funding for U.S. infrastructure, several transportation officials said.

August 6, 2007
GovernmentBusinessSafety

Opponents Spar Over Impact of Appeals Court’s HOS Ruling

Officials on both sides of the debate over revising work rules for commercial drivers presented markedly different interpretations of a recent federal appeals court’s ruling striking down portions of the new plan.

August 6, 2007
BusinessGovernmentSafety

UPS, BNSF Cooperate to Speed Shipments By Loading Trailers on Flatcars Near Chicago

More than a million packages a day in metropolitan Chicago have an ideal commute. They roll through the back gate of the UPS Inc. facility here and into the Burlington Northern Santa Fe rail yard next door — without traveling on a public street — so they can catch a train for such places as Kansas City, Denver or California.

August 6, 2007