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.

Government, Business, Safety, Equipment

Cummins鈥 4Q, Full-Year Profit Declines

Diesel engine maker Cummins Inc. said Tuesday its fourth-quarter profit fell 55% from a year ago, due to declining demand.

February 3, 2009
Business, Safety, Government, Autonomous

Maryland Approves Truck Toll Increase

The Maryland Transportation Authority has approved increased truck tolls its seven toll facilities, the Associated Press reported.

February 3, 2009
Government, Business, Safety, Fuel

EPA Grants Calif. Request to Enforce Reefer Emissions Rule

California environmental regulators said last week the U.S. Environmental Protection Agency has granted the state a waiver that will allow enforcement of its regulation requiring emission-control retrofits on refrigerated trucks and trailers.

February 3, 2009
Business

Scania鈥檚 4Q Profit Declines

Swedish truck maker Scania AB鈥檚 fourth-quarter net income fell to about $180 million, or 23 cents a share in the first quarterly earnings drop in more than three years, Bloomberg reported.

February 3, 2009
Business, Logistics

Carrier Logistics Offers Fleets Web-Based Software Product

Carrier Logistics Inc., a software provider focused on less-than-truckload carriers and logistics companies, said that it rolled out a Web-based, pay-as-you-go version of its FACTS freight management software.

February 3, 2009
Business, Safety, Government

ISM Manufacturing Index Contracts

Manufacturing in the U.S. contracted in January for the 12th straight month, the Institute for Supply Management said Monday.

February 2, 2009
Fuel, Business

Wal-Mart to Test Hybrid and Alternative Fuel Trucks

Wal-Mart Stores will test two types of hybrid trucks and two types of alternatively fueled trucks, the company announced Monday.

February 2, 2009
Government, Business

Construction Spending Falls 1.4%

Construction spending fell 1.4% in December, the Commerce Department said Monday.

February 2, 2009
Business, Logistics

Vitran Opens Southern Calif. 3PL Facility

Vitran Logistics has opened a distribution center in Ontario, Calif., in order to serve Sam鈥檚 Club, the company said.

February 2, 2009
Business

Pickens Calls for Federal Funding for Natural Gas-Powered Trucks

WASHINGTON 鈥 Billionaire oil executive T. Boone Pickens told a group of mayors he still hopes the federal government will allocate $28 billion for natural gas-powered heavy-duty trucks as a 鈥渂ridge鈥 to future technologies.

February 2, 2009