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.

BusinessFuel

Oil Falls to Near $50 in Early Trading

Crude oil fell almost $2 to near $50 a barrel in early trading Monday following a similar drop on Friday, as the outlook for world demand remained low, Bloomberg reported.

March 30, 2009
Letters to the EditorBusinessSafetyGovernment

Letters: Card Check Bill; Trucking Growth; Rooftop Snow, Again

Passage of this legislation — the Employee Free Choice Act, also known as “card check” — would further erode American business competitiveness in the global marketplace.

March 30, 2009
Business

Truckers Seen Benefiting From Auto Supplier Plan

The Treasury Department’s $5 billion program to help cash-strapped auto suppliers will benefit carriers that haul both parts and finished vehicles for automakers, trucking officials said.

March 30, 2009
BusinessFuelGovernment

EPA Set to Classify Greenhouse Gas a Danger

The Environmental Protection Agency is poised to declare that greenhouse gas emissions endanger the public’s health and welfare — a move that could accelerate government rulemaking related to air quality.

March 30, 2009
BusinessGovernment

Foreign Firms Use MATS as Way to Enter U.S. Market

LOUISVILLE, Ky. — Companies from China and Taiwan, including China’s largest truck manufacturer, formed the biggest foreign contingent at the Mid-America Trucking Show here for the second year in a row, seeing the show as a good way to enter the U.S. market.

March 30, 2009
Business

Freight Managers Revise Business Strategies to Assure Financial Stability During Recession

For freight brokers adept at working in the middle of transactions between carriers and shippers, the recession is changing the game.

March 30, 2009
FuelBusinessSafetyGovernment

Senate Panel Criticizes DOT Secretary for Refusal to Consider Higher Fuel Tax

WASHINGTON — Members of the Senate Environment and Public Works Committee criticized Transportation Secretary Ray LaHood and the Obama administration for refusing to consider an increase in the federal fuel tax.

March 30, 2009
BusinessGovernmentSafety

U.S. to Resolve Truck Dispute, Clinton Tells Mexican Officials

Secretary of State Hillary Clinton said the United States is “working very hard to achieve a resolution” to a trade dispute that led to Mexico imposing tariffs on U.S. goods valued at more than $2 billion after President Obama signed a law ending a cross-border trucking plan.

March 30, 2009
BusinessSafety

Tonnage Rises From Jan. Levels, but Feb. Volume Trails Year-Ago

Truck tonnage in February dropped 9.2% from year-ago levels, but inched up 1.7% from the low totals in January, American Trucking Associations reported last week.

March 30, 2009
GovernmentBusinessSafety

Court Ends Port Owner-Operator Ban

A federal appeals court has thrown out the Port of Los Angeles’ ban on owner-operators and questioned the legality of concession requirements at the adjacent Long Beach port for drayage operators to file financial statements and give hiring preferences to experienced port drivers.

March 30, 2009