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, Fuel, Equipment

Volvo Extends Partnership with Cummins for 2010 Engines

Volvo Trucks North America said Monday it will offer a heavy-duty engine made by Cummins Inc. that is certified for 2010 emissions standards for its Volvo VN Class 8 trucks, extending an existing agreement between the two.

February 4, 2008
Government, Business, Fuel

EPA Budget Would Boost ‘Clean Diesel’ Spending

The Environmental Protection Agency’s fiscal year 2009 budget request includes $49.2 million in clean diesel grants, EPA said Monday following the release of President Bush’s budget.

February 4, 2008
Business, Safety, Government

R.I. Checking Bridges in Inspections Program

Rhode Island transportation officials are checking the designs of 15 bridges in the state for a flaw that may have contributed to a fatal bridge collapse in Minneapolis last August, the Associated Press reported.

February 4, 2008
Business, Government

Ohio Eyes Higher Fines for Overweight Trucks

The Ohio State Patrol wants higher fines for trucks carrying overweight loads, the Associated Press reported Monday.

February 4, 2008
Business

UPS, J.B. Hunt Boost Dividends

UPS Inc. and J.B. Hunt Transport Services each announced they would increase their upcoming dividend payments.

February 4, 2008
Government, Business, Fuel

Oil Falls to Near $88 a Barrel

Crude oil prices fell for a third trading day in pre-market trading Monday, with futures falling almost $1 to $88.07 a barrel on the New York Mercantile Exchange, Bloomberg reported.

February 4, 2008
Business, Logistics

Express-1 Unit Buys Logistics Firm

Express-1 Expedited Solutions said it bought Concert Group Logistics for $9 million in cash and 4.8 million shares of stock.

February 4, 2008
Business

Delphi’s Loss Increases; Bankruptcy Plan Approved

Parts maker Delphi Corp. reported a net loss in December of $964 million, more than double that of the same month a year earlier, Bloomberg reported.

February 4, 2008
Business, Technology, Equipment, Safety

Karmak Updates Its Management System

Karmak Inc., a software supplier for the trucking industry, said it has released a major update of its Legend business management system, designed solely for the heavy-duty trucking industry.

February 4, 2008
Government, Business, Safety

ATA Leaders Agree on Need for Unity to Address Key Issues

WASHINGTON — With an eye on the congressional debate next year over reauthorizing transportation legislation, leaders of American Trucking Associations agreed on the need for the industry to come together on key issues and established a task force to work on safety issues.

February 4, 2008