Trucking Business News

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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

Ontario to Award Grants for Anti-Idling Devices

Ontario trucking companies will be able to apply for provincial grants for anti-idling devices, thanks to a $C15 million program by the provincial government, the Ontario Trucking Association said Monday.

November 3, 2008
BusinessSafetyGovernment

ISM Manufacturing Index Plunges to 26-Year Low

An index of U.S. manufacturing fell to a 26-year low in October, the Institute for Supply Management said Monday.

November 3, 2008
GovernmentBusiness

Construction Spending Drops 0.3% in September

Construction spending fell 0.3% in September, the Commerce Department said Monday.

November 3, 2008
BusinessEquipment

Goodyear’s Third-Quarter Profit Declines

Goodyear Tire & Rubber Co. said Monday its third-quarter profit fell to $31 million, or 13 cents a share, from $668 million, or $2.75, a year ago.

November 3, 2008
Business

Oshkosh Reports Lower 4Q Profit

Specialty truck maker Oshkosh Corp. said Monday its fiscal fourth-quarter profit dropped 37% from a year ago, to $53.6 million, or 72 cents per share, from $85.4 million, or $1.14, a year ago.

November 3, 2008
BusinessGovernmentSafetyLogistics

TransForce Reports Lower 3Q Income

Canadian transportation firm TransForce Inc. said its third-quarter net income slipped to C$26.5 million, or 31 cents per unit, from C$28.5 million, or 33 cents, a year ago.

November 3, 2008
Business

Pace of Fleet Failures Slips; ‘Only a Lull,’ Analyst Says

The pace of trucking bankruptcies slowed during the third quarter — to 785 from 935 in the second quarter — but rather than signaling a turn, the decline was, as one analyst put it, “only a lull in the storm.â€

November 3, 2008
BusinessLogistics

Truck Tonnage Growth Slows

Growth in U.S. truck tonnage slowed significantly in September as the national economy contracted during the third quarter, and a major freight-matching service said last week the spot market for truckload service fell well below year-ago levels as the fourth quarter got under way.

November 3, 2008
Business

Financial Market Turmoil Stymies Carriers Seeking to Acquire Equipment, Businesses

Despite passage of a $700 billion aid package intended to shore up depleted capital of large and small institutions, the near-collapse of U.S. financial markets is making it tougher for carriers to buy or lease equipment, and will force a reduction in the use of debt to pay for mergers and acquisitions.

November 3, 2008
BusinessFuelGovernment

Diesel Declines Another 19.4¢ to $3.288

The average price of U.S. retail diesel shed another 19.4 cents last week, dropping to $3.288 a gallon, while the gasoline average fell below year-ago levels for the first time in 2008, according to the Department of Energy.

November 3, 2008