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.

BusinessSafetyGovernmentLogistics

Opinion: Truck Driver Training: The Reality

We almost made it through 2009 without another national news exposé of the trucking industry, but then came November and December. This time, the focus was on truck driver training and motor carrier employment practices.

February 4, 2010
BusinessSafetyGovernment

Covenant’s 4Q Loss Narrows

Covenant Transportation Group said late Wednesday its fourth-quarter loss narrowed from a year ago, as freight revenue declined.

February 3, 2010
GovernmentBusiness

Great Dane Buys Refrigerated Truck Body Maker

Great Dane Trailers said Wednesday it has acquired Johnson Refrigerated Truck Bodies, which makes insulated fiberglass refrigerated truck bodies. Terms were not released.

February 3, 2010
BusinessSafetyGovernment

Patriot’s Fiscal 1Q Earnings Decline

Tank and bulk carrier Patriot Transportation Holding’s fiscal first-quarter net income fell 23.5% to $1.34 million, or 43 cents per share, from $1.7 million, or 56 cents, a year ago.

February 3, 2010
BusinessTechnologyEquipmentSafety

Ryder’s 4Q Income Declines

Ryder System’s fourth-quarter profit fell to $8.2 million, or 15 cents a share, from $10.6 million, or 19 cents, a year earlier.

February 3, 2010
BusinessSafetyGovernment

ISM Services Index Improves

The U.S. economy’s service sector improved in January for the first time in three months, the Institute for Supply Management said Wednesday.

February 3, 2010
BusinessSafetyGovernmentLogistics

C.H. Robinson’s 4Q Profit Declines

Transportation and third-party logistics firm C.H. Robinson Worldwide reported a fourth-quarter profit of $87.7 million, or 52 cents a share, down slightly from $88.9 million, or 52 cents a share, a year ago.

February 2, 2010
GovernmentBusinessSafety

Obama Requests $78.8 Billion for DOT

The Department of Transportation would get an additional $2 billion next year if Congress approves the budget proposal made by President Obama on Monday.

February 2, 2010
GovernmentBusinessFuel

EPA Budget Drops $20 Million in Diesel Grants

The Obama Administration is asking Congress to approve a nearly $10 billion Environmental Protection Agency budget that would shift $20 million in California truck diesel emissions retrofit grant funding to a nationwide diesel emissions reduction program that also includes funding for rail and marine diesel emissions reduction projects.

February 2, 2010
Business

UPS’ 4Q Income Improves

UPS Inc. said its fourth-quarter profit about triple that of a year ago, rising to $757 million, or 75 cents per share.

February 2, 2010