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Jury Awards $58.5 Million for Truck Crash

A New Mexico jury has awarded the family of a person killed in a 2010 truck-involved accident $58.5 million in damages, believed to be the largest truck accident verdict ever.

April 8, 2013

Brokers, 3PLs Raise Share of LTL Freight Shipments

Freight brokers and third-party logistics companies are making inroads in the less-than-truckload market, a trend that reflects the desire by those firms to expand and diversify beyond traditional truckload markets, according to industry analysts.

April 8, 2013

Weather, Politics Slow Business in 1Q for Privately Held Fleets

As publicly traded carriers begin reporting first-quarter results later this week, executives from privately owned fleets told Transport Topics that the first three months of 2013 were choppy, with freight growth hampered by winter weather and uncertainty over federal economic policies.

April 8, 2013

Auto Haulers See Major Gains as U.S. Retail Sales Surge

Auto haulers, who have struggled during five years of depressed sales of cars and light trucks, are finally enjoying some good times.

April 8, 2013

Truck Orders Rise 10.4%

New orders for Class 8 trucks climbed 10.4% in March from a year ago and surpassed 20,000 for a sixth straight month, according to ACT Research.

April 8, 2013

Senate Committee to Hold Nat-Gas Hearings Next Month

A key Senate committee plans to hold three hearings on natural gas next month, including its use as a transportation fuel.

April 4, 2013

Vitran Names Deluce Interim CEO as Gaetz Departs

Vitran Corp. said Thursday that Rick Gaetz has resigned as the company’s president and CEO, effective immediately, and that its board has appointed Bill Deluce interim president and CEO.

April 4, 2013

Drug, Alcohol Database Proposal Sent to White House for Review

The White House has started to review a proposed regulation that would create a national database of every commercial driver who has failed a required drug or alcohol test or refused to take one — the final review before the proposal can be issued.

April 4, 2013

Oil Falls Below $93 a Barrel

Oil fell for a second day, dropping below $93 a barrel Thursday following a report that showed more Americans filed for unemployment benefits last week, Bloomberg News reported.

April 4, 2013

Jobless Claims Rise by 28,000 for Week

Initial jobless claims rose by 28,000 last week, the Labor Department said Thursday.

April 4, 2013