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.

Editorial, Business

Half a Loaf, Half a Glass

Trucking continues to search for irrefutable proof that the worst of the recession is behind us. While that proof has proved elusive, we are seeing some hints that things are improving.

July 6, 2009
Government, Business, Fuel

House OKs Bill With Cap-and-Trade Measure

In a vote divided largely along party lines, the House last week narrowly passed an energy bill that calls for the United States to reduce its greenhouse-gas emissions by 17% from 2005 levels by 2020 and includes a controversial cap-and-trade provision. The vote sends the measure to the Senate, where it likely faces a tough and long battle.

July 6, 2009
Business, Fuel, Safety, Government

DeFazio Seeks to Tax Oil Futures Contracts

A leading Democrat on the House Transportation and Infrastructure Committee proposed taxing speculative oil trades to kill two birds with one stone: Boost highway funding and reduce the effect of speculation on fuel prices.

July 6, 2009
Business, Safety, Government

Freight Drop Eases in May

A 3.2% rise in American Trucking Associations’ truck tonnage index during May from weak results in April may indicate that the worst of the recession could be over, even though the index was 11% below year-ago levels, industry experts said.

July 6, 2009
Business, Autonomous

Navistar Threatens to Close Ontario Plant Permanently

Navistar Inc. closed its sole heavy-duty truck plant in North America outside Mexico when the union contract expired and said it would reopen the factory in Chatham, Ontario, only if a new agreement was reached that gave it “flexibility” over production and allowed Navistar to run a “much smaller operation.”

July 6, 2009
Business, Safety, Government

States Set 4,300 Road Projects from Stimulus, Report Finds

In the four months since President Obama signed a more than $770 billion stimulus package, House transportation leaders said states have approved projects that would distribute more than half of the money available for road and bridge projects.

July 6, 2009
Business, Government, Fuel

EPA Approves Calif.’s Waiver Request to Regulate Greenhouse Gas Emissions

The Environmental Protection Agency last week approved California’s request for a federal waiver, allowing the state to immediately implement restrictions on greenhouse gas emissions from new cars and light trucks and reversing a Bush administration decision.

July 6, 2009
Business, Government, Safety, Logistics

Heavy-Duty Truck Fleet Ages as Carriers Seek Cost Savings

The U.S. heavy-duty fleet truck fleet is aging as carrier executives scrimp to cut costs wherever they can amid the continuing national freight drought.

July 6, 2009
Business, Government

Diesel Dips 0.8¢ to $2.608

U.S. retail diesel prices slipped 0.8 cent last week, providing a breather for the trucking industry after seven consecutive weeks of increases that had pushed the average cost to a seven-month high.

July 6, 2009
Business, Safety, Government

Oberstar’s Road Bill Faces Survival Test

With the White House standing in his path and a pair of well-placed senators lining up with the administration, the guessing game in Washington is how long House Transportation Committee Chairman James Oberstar can keep his six-year highway reauthorization bill alive in Congress.

July 6, 2009