Trucking Business News

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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.

FuelBusinessLogisticsGovernment

Diesel Holds at $2.889; Gas Drops 9.1¢ to $2.958

Diesel fuel’s national average pump price held at last week’s level of $2.889 a gallon, while gasoline plunged 9.1 cents to $2.958, the Department of Energy said Monday.

July 24, 2007
BusinessFuel

FedEx LTL Units Cut Fuel Surcharges

FedEx Corp.’s less-than-truckload FedEx Freight unit said Monday it will reduce its standard LTL fuel surcharge by 25%, effective immediately.

July 23, 2007
Business

Sirius, XM Satellite Unveil Post-Merger Package Plans

Satellite radio firms Sirius Satellite Radio and XM Satellite Radio Holdings, which are seeking federal approval to merge, said Monday they plan to offer a la carte plans to customers starting at $6.99 a month for 50 channels, the Associated Press reported.

July 23, 2007
BusinessTechnologyEquipmentSafetyLogistics

Pittsburgh Logistics Launches Truckload Van Service

Pittsburgh Logistics Systems said Monday that its freight division has begun to offer truckload van service for general commodities, in addition to its flatbed service.

July 23, 2007
Business

Teamsters, USF Agree to Tentative Contract, Union Says

The Teamsters Union said it negotiated a tentative agreement covering newly organized workers at less-than-truckload carrier USF Reddaway, a unit of YRC Worldwide.

July 23, 2007
Business

PeopleNet Promotes Konezny to CEO

PeopleNet Communications’ said Monday that Chief Operating Officer Ron Konezny was promoted to chief executive officer, effective immediately.

July 23, 2007
Business

TT 100: Private Equity Alters For-Hire Trucking Landscape

Trucking attracted significant new investment from private equity firms, and many of the top for-hire carriers responded to changing business conditions by moving into new markets, both here and abroad, according to the 2007 edition of the Transport Topics 100.

July 23, 2007
BusinessEquipment

June Truck Sales Plunge 57.9%

Class 8 June truck sales plummeted by 57.9% from a year ago to the lowest level since March 2003, when the last sales bust after a regulation-induced pre-buy was ending.

July 23, 2007