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

Trailer Registrations Fall 29.1% as U.S. Freight Volumes Slump

The sluggish U.S. economy has pulled down truck trailer sales this year and there are no signs of an imminent rebound, according to industry data on registrations and production.

October 8, 2007
Business, Government, Safety

UPS, Teamsters Reach Five-Year Deal

UPS Inc. and the Teamsters union agreed Sept. 30 on a new five-year tentative contract that, among its provisions, would allow the parcel carrier to pay $6.1 billion to leave the union’s Central States Health & Welfare and Pension Funds.

October 8, 2007
Government, Business, Safety

Court Agrees to 3-Month HOS-Rule Delay

The federal appeals court that struck down parts of the current driver hours-of-service rule has agreed to delay implementation of its decision for 90 days to give regulators time to address the problems the judges found.

October 8, 2007
Business

International Says UAW Taking ‘Break’ from Talks

International Truck and Engine Corp. said Friday it has been notified by the United Auto Workers that the UAW will “take a break from bargaining†in order to conduct a detailed examination of International's proposals.

October 5, 2007
Business

September Payrolls Rise; Unemployment Rises to 4.7%

U.S. payrolls rose in September but the unemployment rose to 4.7% in September from 4.6% in August, the Labor Department said Friday.

October 5, 2007
Government, Business

3Q CEO Confidence Dips, Conference Board Says

A measure of chief executive officers’ confidence declined slightly in the third quarter from the second, the New York-based Conference Board said Friday.

October 5, 2007
Business, Safety

Rail Traffic Edges Up; Intermodal Traffic Drops

Overall rail traffic rose a notch, but intermodal levels fell from a year ago for the week ended Saturday, the Association of American Railroads said.

October 5, 2007
Government, Business

Weber Buys ‘Environmentally Friendly’ Reefer Trailers

Weber Distribution, Santa Fe Springs, Calif., said it has purchased a new fleet of 150 “environmentally friendly†refrigerated trailers.

October 5, 2007
Business, Fuel

IMCC Opposes SoCal Ports’ Clean Truck Program

A group representing intermodal carriers has expressed its opposition to the Ports of Los Angeles and Long Beach clean truck program, which the ports predict will increase drayage rates by 80%.

October 4, 2007
Business, Safety, Government

Knight Eliminates President Position

Truckload carrier Knight Transportation said its president, Tim Kohl, is leaving the company and his position is being eliminated, Bloomberg reported.

October 4, 2007