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.

Business

NTSB Urges Longer Review of New Drivers’ Histories

Motor carriers should be required to review 10 years of driving records for each new driver they hire, the National Transportation Safety Board said last week, citing its investigation of a 2011 bus crash that killed 15 people.

June 11, 2012
Business

Inspectors Focus on Brakes, Hours of Service in 72-Hour ā€˜Roadcheck’ Enforcement Sweep

LANDOVER, Md. — Commercial Vehicle Safety Alliance inspectors spent 72 hours in stepped-up trucking safety enforcement last week, pulling over trucks and buses on highways and at inspection locations throughout the United States, Canada and Mexico.

June 11, 2012
Business

May Truck Orders Fall 23%

U.S. Class 8 truck orders continued to slump in May, dropping 23% from year-ago levels and declining for the fifth consecutive month as economic, financial and regulatory uncertainty dampened fleets’ buying decisions, analysts said.

June 11, 2012
BusinessSafety

ATA Asks FMCSA to Release Agency’s Crash-Fault Study

American Trucking Associations last week called on the industry’s chief federal regulator to release the results of a study that the group said could buttress the case for using police reports to determine who is at fault in truck-related crashes.

June 11, 2012
Business

U.S. Regulators, Hill Set Focus on Reincarnated Carriers

For Maryland-based Gunthers Transport, a November 2011 federal out-of-service order was not the end of the road for the family trucking business.

June 11, 2012
Business

Navistar Loses $172 Million in 2Q, Citing Engine Certification ā€˜Distraction’

Navistar International Corp. last week reported a $172 million loss in its second quarter, partly triggered by what its top executive said was ā€œa lot of noise and speculationā€ about Environmental Protection Agency approval of its 13-liter engine, and reshuffled top management in a bid to restore profitability.

June 11, 2012
BusinessTechnology

Fleets Say Data From ā€˜Predictive Modeling’ Assists Them in Exposing Safety Problems

SAN DIEGO — By pulling together broad swaths of diverse data through a predictive modeling tool, carriers can uncover safety risks that probably would have gone unnoticed otherwise, fleet safety officials said.

June 11, 2012
Business

FMCSA Cuts HOS Waivers for Some Oil, Gas Drivers

Federal regulatory ā€œguidanceā€ issued last week restricted the number of oil and gas well truck drivers who can extend their workdays beyond the 14-hour federal limit under the oil-field operations exemption to hours-of-service rules.

June 11, 2012
Business

Shipping Coalition, Senator Urge LaHood to Establish Freight Office Within DOT

A major coalition of freight stakeholders and Sen. Maria Cantwell (D-Wash.) have urged Transportation Secretary Ray LaHood to create a high-level intermodal freight office with a director who reports directly to him.

June 11, 2012
BusinessFuel

Diesel Dips 5.1Ā¢ to $3.846, After Eighth Straight Decline

U.S. retail diesel prices declined for the eighth straight week as trucking’s main fuel fell 5.1 cents more to a national average of $3.846 a gallon, according to the Department of Energy.

June 11, 2012