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, Equipment

ArvinMeritor’s 4Q Loss Narrows

Truck components maker ArvinMeritor Inc. said Tuesday its fourth-quarter loss narrowed and the company announced several executive appointments.

November 10, 2009
Business, Logistics, Fuel, Government

Diesel Slips 0.7¢ to $2.801 a Gallon

Diesel’s national average price fell for the first time in five weeks, dipping 0.7 cent — the same as last week’s increase — to $2.801 a gallon, the Department of Energy reported Monday.

November 10, 2009
Business, Government, Safety

Opinion: Choosing the Right Freight Forwarder

Choosing the right freight forwarder to support your transportation efforts never has been more critical than during the current crippling recession — which may or may not be abating.

November 10, 2009
Business

FedEx to Buy 51 Hybrid Trucks

FedEx Corp. said that its FedEx Express subsidiary will purchase 51 new gasoline-electric hybrid step vans.

November 9, 2009
Business, Government

ODFL Sets Improved Service to Canada

Old Dominion Freight Line said it is improving its Northwest gateway into Canada effective Monday, which will connect more than 65 of its service centers to Edmonton and Calgary, Canada.

November 9, 2009
Business

Frozen Food Express Cites 3Q Loss

Refrigerated carrier Frozen Food Express Industries lost $2.6 million, or 15 cents a share, in the third quarter, compared with net income of $1.4 million, or 8 cents, a year ago.

November 9, 2009
Business, Safety, Government, Logistics

TT Logistics 50: Firms Seek Ways to Cut Costs to Cope With Revenue Drop in 2009

Logistics service providers are adjusting as the global economic downturn has caused many companies to curtail production and reduce inventories, stalling the longtime trend of expanding international trade, thereby reducing demand for transportation services in North America.

November 9, 2009
Government, Business, Safety, Fuel

Navistar Opposes Request by EPA to Delay Lawsuit

Navistar Inc. last week opposed the U.S. Environmental Protection Agency’s request to stop action on the truck maker’s lawsuit against the agency, which said it needed time to review its guidance on 2010 emissions regulation.

November 9, 2009
Business

TravelCenters of America Reports Third-Quarter Loss

Truck stop chain TravelCenters of America said Monday it lost $12.2 million, or 73 cents per share, compared with a profit of $16.7 million, or $1.08, a year ago.

November 9, 2009
Business, Government, Fuel

Air Freight Demand Begins Picking Up, But Experts Predict a Slow Recovery

Air freight carriers appear to be pulling out of a steep dive caused by the global economic downturn over the past year, but company executives and industry observers said they expect the recovery to be slow and uneven.

November 9, 2009