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.

BusinessGovernment

FedEx Expands Truckload Brokerage to Canada

FedEx Truckload Brokerage has expanded its coverage to many parts of Canada, the company said Monday.

May 5, 2008
BusinessGovernment

Senators Want EPA to Waive Future Ethanol Mandates

A group of Senate Republicans want the Environmental Protection Agency to consider waiving ethanol production mandates, amid rising food prices, the Associated Press reported Monday.

May 5, 2008
BusinessSafetyGovernment

ISM Services Index Expands

The U.S. economy’s service showed expansion last month, the Institute for Supply Management said Monday.

May 5, 2008
Business

Pilgrim’s Pride Reports Fiscal 2Q Loss

Pilgrim’s Pride Corp., the world’s biggest poultry processor, said Monday it lost $111.4 million, or $1.67 per share, in its fiscal second quarter, compared with a  loss of $40.1 million, or 60 cents, a year ago.

May 5, 2008
GovernmentBusinessSafetyFuel

Auto Industry Seeks States’ Support on Emissions Rules

The automobile industry is focusing on state lawmakers in an effort to head off any plans to regulate greenhouse-gas emissions similarly to California, the Wall Street Journal reported Monday.

May 5, 2008
BusinessLogisticsGovernment

Gasoline Surges 15¢ to $3.62

Gasoline prices jumped 15 cents in the past two weeks to a national average $3.62 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.

May 5, 2008
BusinessGovernmentSafetyFuel

Fuel Cards Offer New Services as Competition Intensifies

Competition among fuel-card providers to keep major fleets is intensifying as carriers seek to mitigate the $4-a-gallon cost of fuel by paying closer attention to how it’s purchased.

May 5, 2008
BusinessGovernment

March Freight Dips; First Decline Since October

A report that truck tonnage declined in March provided new evidence that the U.S. economy is still weak, amid more signs that manufacturing and consumer spending will generate less freight for trucking to move in months to come.

May 5, 2008
GovernmentBusinessSafety

Complex Engines Can Help Dealer Profits, ATD Says

GRAPEVINE, Texas — The increasing complexity of diesel engines represents a major opportunity for profitability in dealership maintenance shops, said the departing chairman of American Truck Dealers.

May 5, 2008
BusinessLogisticsFuelGovernment

Diesel Rises 3.4¢ to $4.177

U.S. retail diesel prices set a record for the third consecutive week as the national average rose 3.4 cents a gallon to $4.177, according to data from the Department of Energy.

May 5, 2008