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.

Letters to the EditorBusinessSafetyGovernment

Letters: Texting at the Wheel, Not-So-Green Rails?

In a local newspaper, I recently read an editorial titled: “Truckers Should Not Be Texting While Driving.” The writer improperly quoted statistics and singled out the trucking industry as the problem.

December 14, 2009
EditorialBusiness

When Less Bad is Good

This has been a year when so-called “good news” actually has come in the form of less-bad news, as in “freight levels fell less last month than they did the month before” or “fewer jobs were lost last week than the week before.”

December 14, 2009
Business

Obama Proposes $50 Billion to Build Roads, Bridges

President Obama last week proposed directing about $50 billion in unspent money from the federal government’s bank bailout program to build roads and bridges, as a way to counter high unemployment.

December 14, 2009
Business

Steep Worldwide Ocean Shipping Slowdown Forces Truckers to Alter Handling of Boxes

Early in 2008, when forecasts called for a continued, long-term rise in ocean shipping activity, many maritime companies accelerated the building of new vessels and leased as many containers as they could obtain.

December 14, 2009
BusinessSafety

U.S. Xpress' Quinn to Replace Davidson as Treasurer of American Trucking Assn.

Former American Trucking Associations chairman Patrick Quinn, an executive of U.S. Xpress Enterprises, has returned to a leadership role with the federation, succeeding Robert Davidson as the organization’s treasurer on Dec. 7 for a 10-month term.

December 14, 2009
Business

FedEx to Raise Rates by 4.9%

FedEx Corp. said it will raise Ground and °®¶ą´«Ă˝ Delivery rates by an average of 4.9% in 2010 and also reported that its fiscal second-quarter earnings will be higher than Wall Street expectations, mostly because of volume growth.

December 14, 2009
BusinessFuelTechnologyEquipmentSafety

Donaldson Co. to Improve Filtration Systems Plant for 2010

Donaldson Co., a manufacturer of filtration systems, said Monday it is spending $5 million to enable one of its plants to manufacture parts that comply with the Environmental Protection Agency’s 2010 diesel emission standards.

December 14, 2009
BusinessGovernmentSafety

FMCSA to Propose Broader Use of EOBRs to Monitor Drivers

WASHINGTON — The Federal Motor Carrier Safety Administration is preparing to propose requiring “a much larger population of carriers” to use electronic onboard recorders to monitor driver hours-of-service than it earlier envisioned, an agency official said.

December 14, 2009
Business

405 Fleets Fail in 3rd Quarter

Trucking company failures during the third quarter markedly trailed the record pace for last year, as freight demand stabilized and showed early signs of a coming improvement in rates, according to a new report from Avondale Partners.

December 14, 2009
GovernmentBusinessSafety

Infrastructure Projects Would Yield Benefits to Economy, Job Market, Whittington Says

Charles “Shorty” Whittington, immediate past chairman of American Trucking Associations, was among the officials who stressed to the Obama administration the importance of investing in the nation’s roads and bridges during the president’s recent Washington jobs summit.

December 14, 2009