Trucking 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.
UTi Worldwide’s 4Q, Full-Year Income Rise
Air and ocean freight forwarder UTi Worldwide's fourth-quarter net income rose to $23.6 million or 24 cents a share, from $9.7 million or 10 cents a year earlier.
April 2, 2007Teamsters Strike at W. Va. Cummins Plant
Forty-three employees of a distributor for diesel engine manufacturer Cummins Inc. went on strike Sunday at a plant in South Charleston, W.Va., the Associated Press reported.
April 2, 2007EPA Issues SCR Guidelines
The U.S. EPA said last week that diesel engine manufacturers who want to use selective catalytic reduction to meet EPA’s 2010 emission rules must supply the urea SCR requires and prove it will be available to truck drivers using those engines.
April 2, 2007Falling Freight Gives Shippers Leverage
A loosening of the tight capacity for freight hauling now makes the fuel-surcharge programs — upon which motor carriers depend to insulate them from fuel price spikes — vulnerable to demands for change by shippers.
April 2, 2007Feb. Truck Tonnage Slips 1.7%
U.S. freight volume fell 1.7% in February compared with business levels of a year ago, marking an eighth straight monthly decline.
April 2, 2007Diesel Dips to $2.676
The U.S. average retail price of diesel fuel dipped by 0.5 cent to $2.676 a gallon last week, its second straight tiny decline, the Department of Energy said.
April 2, 2007Parts of D.C. Beltway to Close Friday Night for Construction
Several parts of the Capital Beltway, Interstate 95/495 near Washington, D.C., will be closed temporarily this weekend due to scheduled work, the Maryland State Highway Administration said.
April 1, 2007U.S. May Face $2 Bln. Penalty on Mexican Trucks, Hill Says
The U.S. government may have to pay a penalty of more than $2 billion if it does not open its roads to Mexican trucks, Federal Motor Carrier Safety Administration John Hill told a House subcommittee Thursday, Bloomberg reported.
March 30, 2007Personal Spending Rises 0.6% in February
Consumer personal spending and incomes each rose 0.6% in February, the Commerce Department said Friday.
March 30, 2007Court Delays Ford-Navistar Hearing to Next Week
A court hearing on a Ford Motor Co. contract dispute with engine maker Navistar International Corp. has been postponed until next week, Bloomberg reported.
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