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, Government, Fuel

Oil Dips Below $100; Has Lowest Closing Price in Two Weeks

Crude oil fell below $100 a barrel in Thursday before rising back to close the trading day above $101, the lowest closing price in more than two weeks, Bloomberg reported.

March 20, 2008
Business

FedEx’s 3Q Earnings Fall 6%

FedEx Corp. said Thursday its fiscal third-quarter profit fell 6% to $393 million, or $1.26 a share, from $420 million, or $1.35 a share, a year earlier.

March 20, 2008
Government, Business

Leading Economic Indicators Decline for Fifth Month

An index of leading economic indicators fell 0.3% in February, the New York-based Conference Board said Thursday.

March 20, 2008
Government, Business

YRC Chief Says 1Q Earnings May Fall

YRC Worldwide Chief Executive Officer Bill Zollars said the company’s first-quarter earnings will likely be lower than expected, the Associated Press reported.

March 20, 2008
Business

Jobless Claims Rise 22,000 for Week

Initial jobless claims rose 22,000 last week, the Labor Department said Thursday.

March 20, 2008
Business

I-95 Reopens in Philadelphia

A two-mile section of Interstate 95 in Philadelphia that was closed for more than two days reopened early Thursday, the Philadelphia Inquirer reported.

March 20, 2008
Business

ArvinMeritor Says 2Q Earnings Will Improve

Heavy-duty parts maker ArvinMeritor Inc. said its fiscal second-quarter earnings would be “significantly better†than last year’s second quarter.

March 19, 2008
Business, Safety, Government, Fuel, Technology, Equipment

Letters to the Editor: SAFER Scores, Fuel Prices, Border Opening

The Opinion column by John Hausladen, “Be Ready to Explain Your SAFER Scores,†is an excellent reminder to fleets about how important the Safety and Fitness Electronic Record System score is — and, how it can be misinterpreted by those uninformed about the industry.

March 19, 2008
Government, Business, Safety, Technology, Equipment

DOT Says Delay Hits Progress on Several Key Regulations

A recent Transportation Department report said work on several key new regulations has fallen behind schedule, including shorter stopping distance for heavy trucks, safety reviews of new trucking companies, medical certification of drivers and a new registration system.

March 19, 2008
Business, Safety

N.H. House Votes to Ban Texting While Driving

The New Hampshire House voted Tuesday to make it illegal for drivers to send text messages on cell phones or type on laptop computers or other electronic devices, the Associated Press reported.

March 19, 2008