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.

BusinessAutonomous

TravelCenters’ 1Q Loss Widens

Truck stop chain TravelCenters of America said Monday it lost $41.2 million, or $2.39 per share, in the first quarter, up from a loss of $18 million, or $1.08, a year ago.

May 11, 2009
FuelBusinessGovernment

Volvo Backs Longer, Heavier Trucks

BOSTON — Volvo Trucks North America said the United States should adopt a policy of allowing longer, heavier trucks on the nation’s highways as a way to increase driver productivity and to conserve fuel.

May 11, 2009
BusinessGovernmentSafetyLogistics

Menlo Expands Relationship With Dana, Adds Curves

Dana Holding Corp. and Menlo Worldwide Logistics said they have expanded their relationship, with the parts manufacturer asking the third-party logistics provider to handle transportation management for its Mexican operations.

May 11, 2009
Letters to the EditorBusinessSafetyGovernmentLogistics

Letters: Safe Driving, Mileage Tax, Sleep Apnea

I agree wholeheartedly with op-ed writer Ryan McDonald’s opinion on the value of tail-ride checks, when they are performed by safety professionals. These on-the-road driver observations are an integral part of my company’s services to the Canadian transportation industry.

May 11, 2009
EditorialBusinessFuelGovernment

Fuel’s Crystal Ball

If you have any doubts about the future direction of fuel prices, pay attention to what’s happening today.

May 11, 2009
BusinessGovernment

Harkin Says Senate Wary of Card Check, Mandatory Arbitration

Federal legislation to permit so-called card check union registration is running into trouble in the Senate, one of the bill’s co-sponsors said last week.

May 11, 2009
BusinessGovernmentSafety

Bill Would Offer Federal Grants to Create Truck Parking Spaces

A new legislative proposal would provide $20 million in each of the next six years for a pilot program designed to generate more truck parking spaces across the country.

May 11, 2009
GovernmentBusinessSafety

Chrysler’s Suppliers Stung by Auto Firm’s Bankruptcy

Chrysler’s filing for Chapter 11 protection is spilling over into the trucking industry as suppliers adjust to a bankruptcy process that has shut down the company’s auto production for at least 30 days.

May 11, 2009
Business

Truckload Rates Fall in 1Q

Truckload rates continued their downward slide during the first quarter, and there is no sign recession-driven levels of intense competition, weak demand and excess capacity are abating, carriers and industry analysts said.

May 11, 2009
GovernmentBusinessFuel

Fleet’s Choice Site Creates Edge by Saving Miles, Fuel

Twenty-seven years ago at a bankruptcy sale, New England Motor Freight bought 22 acres at the Port of New York & New Jersey for just over $1 million.

May 11, 2009