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.

BusinessLogistics

Expeditors’ Third-Quarter Profit Jumps

Logistics firm Expeditors International of Washington’s third-quarter profit jumped to $96.1 million, or 44 cents a share, from $57.8 million, or 27 cents, a year ago, a per-share gain of 63%.

November 2, 2010
Business

Most U.S.-Bound Air Cargo Is Not Screened, Paper Reports

Only about 20% of the 9 billion pounds of air cargo that comes to the United States from overseas each year is physically checked for bombs, USA Today reported Tuesday.

November 2, 2010
Business

Opinion: Upgrade Your Sales Process

As freight markets rebound, the winning carrier will be the one that outsells its peer group in the growth and retention of profitable business — a goal best achieved by improving the company’s sales process.

November 2, 2010
BusinessFuel

Diesel Holds at $3.067 a Gallon

Diesel’s pump price held at $3.067 a gallon, the fifth straight week it has been at least $3 a gallon, while gasoline dipped just over a penny, the Department of Energy said Monday.

November 2, 2010
Business

ABF Sues YRC Unit, Teamsters Union Over Master Freight Contract

ABF Freight System said it filed legal actions Monday against units of YRC Worldwide and the Teamsters union for what it said were violations of the National Master Freight Agreement collective bargaining agreement that covers most U.S. unionized trucking employees.

November 1, 2010
Business

UPS Sets 4.9% Rate Increase for 2011

UPS Inc. has set a 4.9% net increase for 2011 for ground packages, air express and U.S.-origin international shipments.

November 1, 2010
Business

Teamsters Approve YRC Contract

The Teamsters union’s rank-and-file membership at YRC Worldwide ratified a new labor agreement to run through 2015 it said is aimed at saving 25,000 jobs at the less-than-truckload carrier.

November 1, 2010
BusinessEquipment

Wabco Reports Higher Profit in 3Q

Wabco Holdings said it earned a profit of $44 million, or 66 cents a share in the third quarter, compared with a loss of $33.8 million, or 52 cents, a year ago.

November 1, 2010
Business

U.S. Proposes Fuel, Carbon Goals in Heavy-Truck Fuel-Economy Standards

The Obama administration last week proposed the first-ever regulations to set commercial truck fuel-efficiency and carbon-emission standards.

November 1, 2010
Business

Navistar’s UAW Employees Approve Four-Year Labor Agreement

Navistar International Corp. employees represented by the United Auto Workers union approved a new four-year contract, the company said.

November 1, 2010