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.

BusinessTechnologyEquipmentSafety

Barclays Cuts Investment in Ryder System

Financial firm Barclays Global Investors, which had been the largest shareholder in Ryder System, has reduced its stake in Ryder by more than 50%, Bloomberg reported.

December 10, 2007
FuelBusinessEquipment

FedEx Teams With Parker Hannifin on Hybrid Technology

FedEx Ground and Parker Hannifin Corp. said Friday they have agreed to test a Class 6 vehicle employing hybrid hydraulic technology that seeks to improve fuel mileage by greater than 50% and significantly reduce engine emissions.

December 10, 2007
GovernmentBusiness

Volvo Plans Layoffs at Virginia Truck Plant

Volvo Trucks North America plans to lay off up to 650 workers next month at its truck-building plant in Dublin, Va., the Associated Press reported.

December 10, 2007
GovernmentBusinessSafetyFuel

California Approves Port Emissions Rules

California state regulators enacted strict air emission rules Friday that will ban much of the current fleet of diesel trucks from all ports statewide, the Los Angeles Times reported Saturday.

December 10, 2007
Business

Navistar Files Statements for 2003-2005

Navistar International Corp. said Monday it had filed financial information statements for its 2003-2005 fiscal years with the Securities and Exchange Commission, reporting a profit for 2005 but losses for the two previous years.

December 10, 2007
BusinessEquipment

Cadec Joins EPA SmartWay Program

Fleet management software provider Cadec, Manchester, N.H., said it has joined the Envi-ronmental Protection Agency’s SmartWay Transport Partnership.

December 10, 2007
BusinessTechnologyEquipmentSafety

Ice Storm Wreaks Havoc from Plains to Northeast

A large storm system that left ice on roads from the Plains to the Northeast has caused blackouts and led to at least 13 traffic deaths, the Associated Press reported Monday.

December 10, 2007
BusinessSafetyGovernment

Mexican Trucks in Cross-Border Program Now Top 55, Paper Says

At least 55 Mexican trucks have received approval to make deliveries anywhere within the United States under the Transportation Department’s pilot program, the San Antonio Express-News reported.

December 10, 2007
GovernmentBusinessSafety

Hours-of-Service Hearing Postponed

A Senate panel postponed a hearing on truck driver hours-of-service rules that was scheduled for Wednesday.

December 10, 2007
GovernmentBusinessSafetyFuel

Opinion: Dealing With California’s Reefer Rules

The California Air Resources Board is recommending that truckers with transport refrigeration units, also known as reefers, pay attention to upcoming deadlines to avoid penalties.

December 10, 2007