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

Public Citizen, Others File Lawsuit Challenging Revised HOS Rule

Highway safety advocates filed a lawsuit Friday challenging the hours-of-service rule published in December, saying it does not go far enough in addressing driver fatigue.

February 27, 2012
Business

House Passes Oil-Drilling Bill That Requires OK for Pipeline

The U.S. House of Representatives has approved an energy bill that would require President Obama to approve the Keystone XL Pipeline to carry crude oil from Canada to Gulf Coast refineries.

February 27, 2012
Business

FMCSA Defends Its Mexican Truck Program, Rejects Challenges by Union, Public Citizen

The federal government defended its program allowing Mexican trucks into the United States, telling a court this month that the pilot program complies with all federal laws related to safety, environmental protection and driver licensing, in addition to the laws specific to the program itself.

February 27, 2012
Business

Rising Freight Rates Should Help Push Pay for Drivers Higher, Execs Tell Conference

CORAL GABLES, Fla. — Freight rates will continue to rise by several percentage points this year, carriers and shippers said, which should open the door for further pay increases for drivers.

February 27, 2012
Business

Federal Regulation Burden on Agenda as Truckload Fleets Gather at Meeting

The truckload industry, on the upswing as rates and freight rise, gathers for its annual meeting next week in Florida in a business environment that also includes unresolved questions such as the effects of more government regulation.

February 27, 2012
BusinessGovernment

TNT Express Rebuffs UPS, but Talks Continue on Deal

UPS Inc. said late last week it was continuing talks to buy European package carrier TNT Express, after the Dutch company rebuffed a $6.5 billion bid, sparking speculation that a higher price and other bidders, such as FedEx Corp., could emerge.

February 27, 2012
Business

Bendix Begins Brake Fix

TAMPA, Fla. — Bendix Commercial Vehicle Systems said it has distributed the first of more than 130,000 kits to fix a defective brake-system valve, but said the process could take about six months to complete as manufacturers, dealers and fleets scramble to repair more than 67,000 affected U.S. and Canadian trucks.

February 27, 2012
BusinessEquipmentAutonomous

2011 Class 8 Fleet Declines Despite Jump in Registrations

The total U.S. Class 8 fleet dropped 2.1% in the 4th quarter of 2011 compared with the last quarter of 2010, as fleets continued to squeeze out their oldest trucks to bring freight capacity more into alignment with available loads, according to R.L. Polk & Co.

February 27, 2012
BusinessSafetyAutonomous

TMC Leader Lee Long Aims to Broaden Appeal of Truck Technical Careers to Younger Students

TAMPA, Fla. — Lee Long, the maintenance director of Southeastern Freight Lines and new chairman of American Trucking Associations’ Technology & Maintenance Council, said his biggest interest is drawing more people into work as heavy-duty technicians.

February 27, 2012
BusinessLogisticsAutonomous

Industry Leaders, Family, Friends Pay Tribute to Don Schneider During Memorial Service

Trucking industry leaders, company associates and family members paid tribute to Don Schneider, the former president and CEO of Schneider National Inc., in a memorial service attended by an estimated 700 people at St. Norbert College in De Pere, Wis., on Feb. 15. Schneider died in January after a long battle with Alzheimer’s disease.

February 27, 2012