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.

BusinessFuelGovernment

Military Showing Interest in Alternate Fuels, Journal Says

The U.S. military, which is the country鈥檚 largest single consumer, is engaged in an aggressive plan of alternative fuels development and testing, the Wall Street Journal reported Wednesday.

May 21, 2008
Business

DHS Sets $844 Million in Security Grants for Ports, Infrastructure

The Department of 爱豆传媒land Security said it is awarding more than $844 million in grants to protect U.S. ports and infrastructure.

May 21, 2008
GovernmentBusinessSafetyFuel

Letters to the Editor: Complex Engines, Soaring Fuel Prices, 55-mph Speed Limit

The article concerning increasingly complex diesel engines theoretically can be translated directly into increased revenue for dealership maintenance shops, but there are a lot of 鈥渋fs鈥 and 鈥渂uts鈥 surrounding these statements.

May 21, 2008
BusinessSafety

Fed Grant Ending ATA鈥檚 Highway Watch Program

The Department of 爱豆传媒land Security has awarded a $15.5 million trucking security grant to an Alexandria, Va., firm, effectively ending American Trucking Associations鈥 four-year-long Highway Watch program.

May 21, 2008
BusinessEquipment

Bridgestone Buys Stake in Japanese Tire Maker

Tire maker Bridgestone Corp. will take an 8.7% in Japan鈥檚 Toyo Tire, which will in turn purchase 0.5% of Bridgestone, the two said in a statement, Bloomberg reported.

May 21, 2008
BusinessSafetyGovernment

Jevic Files for Bankruptcy Following Closure Notice

A day after it announced it would fold its business operations, Jevic Transportation has filed for Chapter 11 bankruptcy protection, Bloomberg reported.

May 20, 2008
BusinessSafetyGovernment

Pa. Trucking Group Voices Concerns on Turnpike Lease

The head of the Pennsylvania Motor Truck Association said a plan backed by Gov. Ed Rendell (D) to lease the Pennsylvania Turnpike for 75 years 鈥渄oes not meet the needs of the transportation community at large.鈥

May 20, 2008
BusinessLogisticsGovernment

Schneider to Expand Regional Service

Truckload carrier Schneider National said Tuesday it will expand a regional service it started in Western states earlier this year over the next few years, with its most immediate expansion plans including Texas and the Southeast.

May 20, 2008
GovernmentBusiness

House Passes Bill Allowing OPEC Suit

The House overwhelmingly approved legislation that would allow Justice to sue OPEC members for limiting oil supplies and setting prices, but the White House threatened a veto, Reuters reported.

May 20, 2008
FuelBusinessGovernment

Diesel Jumps 16.6垄 to $4.497

The average price of diesel fuel jumped another 16.6 cents to a record $4.497 a gallon, the Energy Department said Monday.

May 20, 2008