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

DOT Offers L.A. $213 Million in Toll Plan

The federal government has offered Los Angeles County $213 million to convert carpool lanes to special, congestion-pricing toll lanes on three freeways, the Los Angeles Times reported.

April 28, 2008
FuelBusinessGovernment

Truckers Protest in Washington Over High Fuel Prices

Hundreds of truck drivers descended on Washington Monday to protest high diesel prices, WRC-4 television reported on its Web site.

April 28, 2008
BusinessSafetyGovernment

Montana Considering I-35 Truck Restrictions

The Montana Department of Transportation is exploring whether the state can impose limits on large-truck traffic on state Highway 35, the Associated Press reported.

April 28, 2008
BusinessEquipment

Goodyear Reports First-Quarter Profit

Goodyear Tire & Rubber Co.’s first-quarter earnings rose to $147 million, or 60 cents a share, compared with a loss of $174 million, or 96 cents, a year ago.

April 28, 2008
GovernmentBusiness

ALK to Offer Web Link With PC Miler Program

PRINCETON, N.J. — ALK Technologies will add a Web-based version of its PC Miler mapping and routing software to the company’s family of truck navigation products this year, ALK’s chief technology officer said.

April 28, 2008
BusinessSafetyGovernment

Illinois Highway Construction Fatalities Decline

The Illinois Department of Transportation said the number of highway construction work zone fatalities in the state has fallen by more than half in the past four years, the Associated Press reported.

April 28, 2008
GovernmentBusinessFuel

Oil Hits Record Near $120 a Barrel

Crude oil prices hit an all-time record in Monday, hitting $119.93 a barrel in pre-market electronic trading on the New York Mercantile Exchange, the Associated Press reported.

April 28, 2008
FuelBusinessSafetyGovernment

ATA Officer Calls for Oil Release From SPR

WASHINGTON — The government should not only stop filling the Strategic Petroleum Reserve, but also consider releasing oil to help lower the price of diesel fuel, Dave Berry, chairman of the American Trucking Associations’ environmental and energy policy committee, told Congress last week.

April 28, 2008
BusinessFuelGovernment

Truckload Carriers Trim Fleets as Freight Declines, Fuel Rises

Truckload carriers are slashing capacity at the highest rate in a decade in an effort to bring supply and demand into balance as fuel prices skyrocket and demand withers, according to industry experts.

April 28, 2008
BusinessFuelEquipmentGovernment

Used Truck Prices Buoyed by Rising Foreign Demand

An unprecedented wave of exports, mostly to Russia, has cushioned a downturn in the Class 8 used-truck business, which has been hurt by high fuel prices and a weak freight market, according to industry executives.

April 28, 2008