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.

BusinessGovernmentLogistics

L.A. Port OKs Plan to Ease Requirements for Minimum Number of Truck Trips

Harbor commissioners at the Port of Los Angeles late last week approved a proposal that will allow drayage operators — who were provided millions of dollars for the purchase of newer, cleaner trucks — to cut in half a requirement that they make a minimum of 300 annual trips to the port.

June 21, 2010
Business

Manufacturers Blast Moves that Could Raise LTL Rates

Shoe and clothing manufacturers are fuming at a decision that preserves less-than-truckload carriers’ freedom to raise shipping rates for shoes by up to 50% and could quadruple prices to ship clothing.

June 21, 2010
BusinessLogistics

Ruan CEO Named U.S. Chamber’s Vice Chairman

The U.S. Chamber of Commerce elected John Ruan III, chairman and chief executive officer of Ruan Transportation Management Systems, as vice chairman of its board of directors, the group announced June 9.

June 21, 2010
BusinessLogistics

LaHood Boosts Funds for Freight Rail; Says Aid Will Also Help Passenger Service

ARLINGTON, Va. — Transportation Secretary Ray LaHood said the Obama administration is spending money on freight rail projects to bolster its push for high-speed intercity passenger rail.

June 21, 2010
Business

Senators Introduce Bill Targeting Fraud Within the Freight Brokerage Business

A pair of U.S. senators introduced legislation last week aimed at curbing fraud by unscrupulous freight brokers.

June 21, 2010
BusinessLogistics

Schneider Sets Hiring Push

Schneider National Inc., the nation’s largest privately held truckload carrier, said that it plans to hire 2,000 more drivers this year — one of the most aggressive hiring drives in its 75-year history and an expansion that by itself would place the company among the 100 largest for-hire trucking fleets.

June 21, 2010
Business

FedEx Has Quarterly Profit, Reversing a Year-Ago Loss

FedEx Corp. reported a profit for its fiscal fourth quarter, rebounding from a loss a year ago, as a recovering global economy boosted international express shipments.

June 21, 2010
Business

Class 8 Truck Sales Up 13.5%

U.S. retail sales of Class 8 trucks topped weak year-over-year comparisons for the fifth straight month in May, this time by 13.5%, WardsAuto.com reported.

June 21, 2010
Business

Advanced Electronics Improve Fuel Economy, Allow for Better Control, More Driver Features

Medium-duty engines over the past decade have gotten a lot smarter, thanks to the advanced electronics developed first in heavy-duty engines.

June 21, 2010
BusinessFuel

Diesel Drops 1.8¢ to $2.928 a Gallon

The average price paid for U.S. retail diesel fuel dipped 1.8 cents to $2.928 a gallon last week, its fifth straight weekly drop that has lowered the price by 19.9 cents a gallon, the Department of Energy reported.

June 21, 2010