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, Equipment

Eaton to Close Indiana Transmission Plant

Truck parts manufacturer Eaton Corp. plans to close a plant in Greenfield, Ind., and move its operations to North Carolina and Mexico, Bloomberg reported.

March 16, 2009
Business

Industrial Production Falls 1.4%

U.S. industrial production fell 1.4% in February, declining for the fourth consecutive month, the Federal Reserve said Monday.

March 16, 2009
Business

OPEC Holds Off on More Production Cuts

OPEC plans to hold its oil output steady rather than to make deeper production cuts that were sought by some of its members, the Wall Street Journal reported Monday.

March 16, 2009
Business, Logistics, Government

Transplace to Manage Logistics for Pace Industries

Custom die casting company Pace Industries has chosen third-party logistics company Transplace to manage its truckload, less-than-truckload and expedited shipments, Transplace said Tuesday.

March 16, 2009
Business, Government

N.Y. State Manufacturing Index Hits Record Low

Manufacturing growth in New York state contracted this month at the fastest pace on record, the Federal Reserve Bank of New York said Monday.

March 16, 2009
Business, Government

N.H. Truckers Balk at 15-Cent Diesel Tax Boost

A proposed 15-cent boost in New Hampshire’s diesel tax will badly hurt the trucking industry, truckers told state lawmakers, the Associated Press reported.

March 16, 2009
Business, Safety, Government, Technology, Equipment

ATRI Study for FMCSA Gauges Value of Safety Systems

The Federal Motor Carrier Safety Administration released the results of a study led by the American Transportation Research Institute that quantifies the potential return on investment offered by three types of onboard truck safety systems.

March 16, 2009
Letters to the Editor, Business, Government, Safety, Fuel

Letters: Rooftop Snow, ATA Couple Retires, Fuel Prices, Those Railroad Ads, SCR Details

Forget about getting truck drivers to remove snow and ice from trailer rooftops. For one, many drivers cannot even walk across the parking lot, let alone be expected to somehow get on top of a trailer roof.

March 16, 2009
Editorial, Government, Business, Safety

Hours Rule Meets ‘Groundhog Day’

In a scenario eerily reminiscent of the Bill Murray movie “Groundhog Day,†a coalition of interest groups has again launched a formal legal challenge to the government’s hours-of-service rules for commercial drivers.

March 16, 2009
Business

February Truck Layoffs Hit 33,400; Jobs at Lowest Level Since ’96

Job losses in the trucking sector continued to mount in February as trucking firms had the most layoffs in history for a month without strikes.

March 16, 2009