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.

BusinessGovernmentSafetyAutonomous

Paccar to Trim Production at Ohio Kenworth Plant

Paccar Inc., the parent of Kenworth Truck Co., will temporarily shut down production at Kenworth’s Chillicothe, Ohio, plant, the Chillicothe Gazette reported.

March 26, 2007
Business

Western Express to Acquire Smithway for $90 Million

Truckload carriers Western Express and Smithway Motor Xpress Corp. said Friday that Western would acquire Smithway for $10.63 per share, in a deal worth about $90 million.

March 23, 2007
BusinessSafetyGovernmentAutonomous

Senate Panel Passes Measure Restricting Mexican Truck Access

The Senate Appropriations Committee Thursday approved an amendment that would prevent Mexican trucking companies from gaining unrestricted access to U.S. highways until American truckers are afforded the same access in Mexico.

March 23, 2007
BusinessLogistics

Existing °®¶¹´«Ã½ Sales Jump 3.9% in February

Existing home sales rose 3.9% in February, the most in three years, the National Association of Realtors said Friday.

March 23, 2007
BusinessTechnology

Qualcomm, GE Trailer, SkyBitz Announce Product Expansions

LAS VEGAS — Qualcomm Inc., GE Trailer Fleet Services and Sky-Bitz, three of the largest providers of trailer-tracking technology, each announced new customers and product expansions and enhancements here last week.

March 23, 2007
Business

Carriers See Slight Rebound in March Truckload Freight

LAS VEGAS — Truckload carrier executives and industry observers here said almost uniformly there has been a slight rebound in freight demand in recent weeks, but they were unsure whether a significant pickup would occur in the second half of the year.

March 23, 2007
BusinessSafetyAutonomous

Turnover Falls at Large TL Carriers

Driver turnover at large truckload carriers dropped 13% last year — the first decline since 2001 — while it rose by an identical percentage at smaller truckload carriers, according to American Trucking Associations.

March 23, 2007
BusinessFuelSafetyGovernmentAutonomous

Trucking Would Consider Higher Taxes, Graves Says

The trucking industry is willing to pay higher fuel taxes as long as the money is spent to improve the highway infrastructure, American Trucking Associations President Bill Graves said.

March 23, 2007
BusinessGovernmentAutonomous

Suppliers Hope Features Lure Buyers

LOUISVILLE, Ky. — With sales of heavy trucks expected to drop sharply from last year, OEMs and suppliers at the Mid-America Trucking Show shifted tactics, emphasizing new features and markets in an effort to keep customers interested.

March 23, 2007