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UPS Inc., the largest corporation in North American freight transportation, earned more than $1 billion in net income during the second quarter for the second time since 2007, in spite of the precarious economy.

Shortages of components for new heavy-duty trucks are growing, leading vehicle manufacturers to cut back their sales forecasts as their backlog of truck orders continues to mount, executives said.

American Trucking Associations has formally announced several highlight events of its 2011 Management Conference & Exhibition, scheduled for Oct. 15-18 in Grapevine, Texas.

A coalition of oil users that includes American Trucking Associations recently urged congressional leaders to “fully fund and defend” rules in the new financial reform law designed to curb excessive speculation in oil futures.

The National Transportation Safety Board last week issued a slate of comprehensive regulatory recommendations aimed at reducing the number of cargo tank truck rollovers by mandating the installation of roll stability technologies and improved cargo tank design.

U.S. retail diesel prices rose for the third consecutive week, increasing 2.6 cents a gallon to a national average of $3.949, the Department of Energy reported.

James Welch, installed last week as CEO of financially challenged YRC Worldwide, freely admits that he carefully considered his “homecoming” for several weeks before accepting the task of turning around a company that lost more than $2 billion between 2008 and 2010.

Freight tonnage carried by motor carriers during June rose by 6.8% over year-ago levels, according to American Trucking Associations, the largest gain in five months and a positive sign amid uncertainty about the U.S. economy.