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.

Business, Fuel, Government

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, 2007
Business, Equipment

Teamsters 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, 2007
Business, Government, Safety, Fuel, Autonomous

EPA 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, 2007
Business, Government, Safety, Fuel

Falling 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, 2007
Business, Autonomous

Feb. 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, 2007
Business, Fuel, Government

Diesel 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, 2007
Government, Business, Safety

Parts 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, 2007
Business

U.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, 2007
Business

Personal Spending Rises 0.6% in February

Consumer personal spending and incomes each rose 0.6% in February, the Commerce Department said Friday.

March 30, 2007
Business

Court 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.

March 30, 2007