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.

BusinessSafetyLogisticsGovernment

CTA Asks for Standard Anti-Rollover Technology

The Canadian Trucking Alliance said it is asking all the major North American heavy truck manufacturers to make anti-rollover technology standard equipment in their new vehicle packages.

November 26, 2007
Business

Family of Trailer Bridge Founder to Sell Company Stake

Family members of Malcom McLean, the founder of intermodal carrier Trailer Bridge Inc., are planning to sell their stake in the company, Trailer Bridge said.

November 26, 2007
BusinessSafetyGovernmentLogistics

TransForce to Acquire Thibodeau Group

Canadian transportation firm TransForce Income Fund said it will acquire Thibodeau Group of Companies, a less-than-truckload and truckload carrier based in Quebec.

November 26, 2007
GovernmentBusinessSafety

DHL Express to Build Shanghai Cargo Hub

DHL Worldwide Express, part of Germany’s Deutsche Post AG, said it will build a $175 million cargo hub in Shanghai to help the parcel courier accommodate growing trade in Northern Asia, Bloomberg News reported Monday.

November 26, 2007
BusinessSafetyGovernment

Swift CFO Resigns

Ramey Peru, chief financial officer of truckload carrier Swift Transportation, will resign from his position effective Dec. 31, the carrier said.

November 26, 2007
Business

Truckload Profits Decline in 3Q As Freight Levels Continue Slide

The continuing drought in freight withered third-quarter earnings results for truckload carriers, with all 13 of the companies that reported through Nov. 20 showing lower levels of profitability than a year ago.

November 26, 2007
BusinessFuel

Bankruptcies Rise as Operating Expenses Grow

Trucking bankruptcies rose 11.5% in October from the previous month as carriers struggled with weak freight demand and sharply rising costs for fuel and other operating expenses, according to data from investment bank Credit Suisse in New York.

November 26, 2007
GovernmentBusinessSafety

Neighbors Oppose Truck Parking Expansions

Mark Zaluski was one of the lucky ones. At 3:10 p.m. on Oct. 25, his rig occupied one of only 16 truck parking spaces on the north side of a travel plaza off Interstate 94 about 40 miles north of Chicago.

November 26, 2007
FuelBusinessGovernment

Diesel Dips 1.5¢ to $3.41 a Gallon

The average price of retail diesel fell 1.5 cents last week to $3.41 a gallon, ending a string of five straight increases that had pushed the fuel to record levels, the Department of Energy reported.

November 26, 2007
GovernmentBusiness

Leading Indicators Decline in October

The index of leading economic indicators fell in October, the New York-based Conference Board said Wednesday.

November 21, 2007