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.

Government, Business, Logistics

Schenker Chairman Hagar Resigns

Hans-Jörg Hager, chairman of the board of Schenker Logistics, will step down from his position this year, the company said Tuesday.

February 26, 2008
Government, Business, Safety, Fuel, Logistics

Diesel Jumps 15.6¢ to a Record $3.552 a Gallon

The national average price of diesel fuel jumped 15.6 cents to a record $3.552 a gallon, shattering the previous mark set three months ago by 10.8 cents, the Department of Energy said Monday.

February 26, 2008
Business

Trailer Bridge’s Losses Widen in 4Q

Trailer Bridge Inc. said Tuesday it lost $67,334, or 1 cents a share in the fourth quarter of 2007, compared with earnings of $8.9 million or 72 cents in the 2006 fourth quarter.

February 26, 2008
Business, Safety, Government

DOT Seeks Rail Safety Improvements

The Department of Transportation said it is seeking to reduce common mistakes that result in nearly half of all human factor-caused train accidents.

February 25, 2008
Government, Business, Safety, Technology, Equipment

Qualcomm Upgrades OmniVision System to Include Roaming, In-Cab Processing

SAN DIEGO — Mobile communications provider Qualcomm Inc. unveiled a host of upgrades and additions for its flagship OmniVision platform here, in-cluding wireless data roaming capabilities, in-cab document processing and support for third-party collision-avoidance systems.

February 25, 2008
Business, Logistics

Existing °®¶¹´«Ã½ Sales Decline

Existing homes sales fell to the lowest level in nine years in January, the National Association of Realtors said Monday.

February 25, 2008
Business

Kenan Advantage to Buy Transport Service Co.

Kenan Advantage Group said it reached an agreement to purchase bulk hauler Transport Service Co. for an undisclosed sum.

February 25, 2008
Business, Safety, Government

TWIC Card Holds a Wealth of Information

The centerpiece of the Transportation Security Administration’s program to screen employees entering ports looks just like most access cards or identifications one would carry in his or her wallet.

February 25, 2008
Business, Technology, Equipment, Safety

TMW Reports Record Growth in 2007

Trucking software provider TMW Systems said 2007 was a record year for the company’s revenue, product releases, new customers and consecutive quarterly growth.

February 25, 2008
Government, Business, Safety, Fuel

California to Enforce Engine Label Rule

Citations issued by the California Air Resources Board for engine emission control labels that are missing or have been tampered with now carry penalties of as much as $800, the agency said.

February 25, 2008