Trucking 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.
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, 2008EPA 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, 2008R.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, 2008Ohio 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, 2008UPS, J.B. Hunt Boost Dividends
UPS Inc. and J.B. Hunt Transport Services each announced they would increase their upcoming dividend payments.
February 4, 2008Oil 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, 2008Express-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, 2008Delphi’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, 2008Karmak 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, 2008ATA 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.
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