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

Hub Issues 1Q Outlook

Hub Group Inc. said its first-quarter will be 15 to 20 cents per share, including an $800,000 severance plan.

March 24, 2009
Business

WABCO’s CEO to Become Chairman in May

WABCO Holdings said Tuesday that the company’s chief executive officer, Jacques Esculier, will become the company’s chairman in May.

March 24, 2009
Government, Business

N.Y.-N.J. Port Sees First Decline in 15 Years

Container traffic at the Port of New York and New Jersey fell last year for the first time in 15 years, the Associated Press reported.

March 23, 2009
Business, Safety

Volvo Gives Tractor to ATA for Road Team

LOUISVILLE, Ky. — Volvo Trucks North America gave a new highway tractor to American Trucking Associations on March 19, providing the federation with a second power unit to pull its image trailer, a rolling demonstration for highway safety.

March 23, 2009
Business, Safety, Government, Equipment

Obama Views New Hybrid Trucks in California

President Obama visited a California center featuring new hybrid trucks Friday, including plug-in hybrid with an engine developed by Eaton Corp. and the Electric Power Research Institute.

March 23, 2009
Business, Safety, Government

Alabama Gov. Signs Steel-Coil Control Law

Alabama Gov. Bob Riley (R) signed into law a measure requiring truck drivers transporting steel coils to be properly trained so that coils are tied down securely, according to the governor’s Web site.

March 23, 2009
Business, Technology, Equipment, Safety

Technicians to Face More Fault Codes With Use of OBDs, Engine Makers Say

Truck technicians next year will have to deal with a pronounced increase in engine fault codes because of the onboard diagnostics systems added to 2010 and later model engines, engine makers said.

March 23, 2009
Business, Logistics, Government

Gas Dips 1¢ to $1.95, Lundberg Says

The national average price of regular gasoline fell by a penny over the past two weeks to $1.95 a gallon, the first decline of the year, according to the latest Lundberg Survey of filling stations released Sunday.

March 23, 2009
Business, Logistics

Existing °®¶¹´«Ã½ Sales Rise 5.1% in February

Existing homes sales rose 5.1% in February, the National Association of Realtors said Monday.

March 23, 2009
Business, Technology, Equipment, Safety

Garmin Introduces Truck-Specific GPS Navigator

Garmin International announced last week a global positioning system navigator that it said is its first portable navigation device designed exclusively for the trucking industry.

March 23, 2009