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

Feb. Truck Sales Fall 37.9%; Hopes for ’08 Rebound Waning

The heavy-duty truck sales drought continued into February, with year-over-year results declining for the 14th consecutive month, and some analysts are now predicting that any recovery won’t occur until late in the year.

March 24, 2008
Business, Fuel

L.A. Port to Banish Owner-Operators Under Emissions Plan

Port of Los Angeles officials last week approved the final piece of the port’s sweeping plan to dramatically reduce diesel emissions by replacing and retrofitting dirty trucks through a controversial employee-only business model that will phase out independent drayage operators.

March 24, 2008
Business, Safety

Truckers Gain Hazmat Business as Railroads Spurn Toxic Gases

An effort by rail carriers to reduce the amount of toxic chemicals they haul is creating new business for some trucking companies.

March 24, 2008
Business, Fuel, Government

Diesel, Gasoline Hit New Highs

Retail diesel and gasoline prices again set U.S. records last week as the diesel average flirted with $4 a gallon, according to the Department of Energy.

March 24, 2008
Business, Government, Equipment

Michelin to Link Tire Prices to Cost of Oil

Michelin & Cie., the world’s second-biggest tire maker, said it will link the prices of car tires to the cost of oil, Bloomberg reported Friday.

March 21, 2008
Business, Safety

Intermodal Traffic Rises for Week

Rail intermodal traffic rose 1.4% for the week ended Saturday compared with a year ago, the Association of American Railroads said.

March 21, 2008
Business, Government

Philadelphia Index Shows Fourth Straight Month of Contraction

Manufacturing levels in the Philadelphia region showed contraction for a fourth consecutive month in March, the Federal Reserve Bank of Philadelphia said.

March 21, 2008
Government, Business

Midwest Floods May Last Through Weekend

Widespread flooding primarily in the Midwest threatened to worsen Friday, with many rivers rising past their banks for more than a day, the Associated Press reported.

March 21, 2008
Business, Government

Minn. Closes Bridge Near Site of I-35W Collapse

State officials closed a bridge over the Mississippi River northwest of the Twin Cities area in Minnesota because of problems found in the same kind of steel plates that may have played a key role in last summer’s bridge collapse in Minneapolis, the Associated Press reported Friday.

March 21, 2008
Business, Safety, Fuel

ATA Asks for Oil Release from Strategic Petroleum Reserve

American Trucking Associations asked President Bush in a letter this week to help “burst the bubble in the crude oil market†by releasing oil from the Strategic Petroleum Reserve.

March 21, 2008